Coca-Cola Içecek Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2020
February 24, 2021 at 03:11 pm EST
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Coca-Cola Içecek Anonim Sirketi announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TRY 14,391.013 million compared to TRY 12,007.762 million a year ago. Operating income was TRY 2,143.130 million compared to TRY 1,517.321 million a year ago. Net income was TRY 1,232.671 million compared to TRY 965.769 million a year ago.
Coca-Cola Icecek AS (CCI) is a Turkey-based company engaged in the bottling and distribution of alcohol-free beverages in Turkey, Pakistan, Central Asia and the Middle East. The Company bottles and distributes a number of The Coca-Cola Company brands of soft drinks and beverages, including Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade, Burn and Gladiator. Also under the agreement signed with Schweppes Holdings Limited, the Company has the exclusive right in Turkey, Kazakhstan and Jordan to sell and distribute beverages under the Schweppes trademark. CCI operates production facilities in different regions of Turkey as well as abroad. CCI also holds interest in Turkmenistan Coca-Cola Bottlers Ltd., CC Beverage Limited, the Coca-Cola Beverages Pakistan Ltd. and Azerbaijan Coca-Cola Bottlers Limited in Azerbaijan, among other.