Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Coca-Cola Icecek Falls in Istanbul After Profit Misses Estimate

March 29 (Bloomberg) -- Coca-Cola Icecek AS, Coca-Cola’s bottler in Turkey, declined most in a week in Istanbul after reporting a 29 percent decline in full-year profit, missing estimates.

Coca-Cola Icecek declined 1.1 percent to 22.35 liras at 10:04 a.m., in the biggest drop since March 22. Net income dropped to 140.3 million liras ($79 million) last year from 197.7 million liras in 2010, Coca-Cola Icecek said in a statement to the Istanbul Stock Exchange after the market closed yesterday. It was expected to earn 154 million liras, according to the average of 18 analyst estimates compiled by Bloomberg.

Link to Company News:{CCOLA TI <Equity> CN <GO>} Link to Company News:{KO US <Equity> CN <GO>}

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Benjamin Harvey at bharvey11@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.