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Coca-Cola Enterprises Q1 Net Income Increases
Thursday, April 30, 2009 7:04 AM


(Source: Datamonitor)trackingCoca-Cola Enterprises has reported a net income of $61 million, or $0.13 per diluted share, for the first quarter ended April 3, 2009, compared to $8 million, or $0.02 per diluted share, in the same quarter of 2008.

Net operating revenues for the first quarter of 2009 were $5.05 billion, compared to $4.89 billion in the same period of 2008, an increase of 3%. Gross profit was $1.88 billion, an increase of 5% compared to $1.78 billion in the comparable period of 2008.

John Brock, chairman and chief executive of Coca-Cola Enterprises, said: "Our first quarter results demonstrate the importance of our work to maximize the value of our brands through diligent revenue management, to improve customer service and to closely manage costs. We remain cautious about the rest of the year, however, as the first quarter is our smallest reporting period and general economic conditions remain challenging, both in North America and Europe."

A service of YellowBrix, Inc.



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