(Source: Datamonitor)
Coca-Cola Enterprises has reported a net income of $313 million, or $0.64 per diluted share, for the second quarter of 2009, compared to a net loss of $3.17 billion, or $6.48 per diluted share, in the same quarter of 2008.
For the second quarter of 2009, net operating revenues were $5.91 billion, a 0.5% decrease, compared to $5.93 billion in the same quarter of 2008.
For the first six months of 2009, net operating revenues were $10.96 billion, a 1% increase, compared to $10.83 billion in the same period of 2008. Net income was $374 million, or $0.77 per diluted share, compared to a net loss of $3.16 billion, or $6.46 per diluted share, in the same period of 2008.
John Brock, chairman and CEO of Coca-Cola Enterprises, said: "We have responded to macroeconomic conditions with solid brand and marketplace initiatives, including enhancements to our price and package architecture, and successful execution of efficiency and effectiveness programs."
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