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Business Briefing / BEVERAGES

Coca-Cola sees sales, profit rise

October 16, 2008|From Times Wire Services

Coca-Cola Co. said third-quarter profit rose more than analysts estimated as sales climbed in China and India.

Net income increased 14% to $1.89 billion, or 81 cents a share, the Atlanta-based company said. Excluding some costs, per-share profit beat analysts' predictions by 6 cents. Sales rose 9.1%, with more than half the gain coming from favorable currency exchange rates.

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