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| April 17, 2008 |
"Coca-Cola's most recent quarterly results suggest the extent of its reliance on the Chinese market. During the first quarter, Coke's unit case volume sales in China were up 20 percent in the quarter, one of the highest figures from any country. Over all, the company's net income rose 19 percent in the quarter, to $1.5 billion, from $1.26 billion a year ago.
Bill Pecoriello, research analyst at Morgan Stanley, estimates that 5 to 6 percent of Coke's total revenue comes from China. The importance of China for Coke should increase, Mr. Pecoriello said.