US based Coca-Cola Bottling has reported an increase in net profit for last year, on higher revenues as well as gains from hedging programmes.
The company reported a net income of $38.13m or $4.16 per share, compared to $9.09m or $0.99 per share a year earlier.
The company has posted a Q4 net income of $1.99m, up from $1.41m during the same quarter in the prior year.
The company, based in North-Carolina said its comparable net income increased to $21.88m or $2.39 per share from $19.18m or $2.09 per share in the previous year.
Net sales for the quarter increased to $354.42m from $348.37m in the comparable quarter last year, Coca-Cola Bottling said.
Gross margin for the quarter rose to $155.41m from $147.58m in the same quarter last year.
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