Coke posts 35% profits increase

Coca Cola said today that the weak US dollar played an important role in the 35% first quarter profit jump it had recorded.

The soft drink giant estimated that 12% of its earnings increase was down to the dollar situation. The comparatively high level was also partly the result of a $159m (€134.22m) charge which the company paid during the same period last year while restructuring its North American and European operations.