Coca-Cola HBC AG said it took a one-time hit of $195.4 million in the first half from costs related to its Russian business after it stopped selling Coke and other Coca-Cola Co products in Russia. The organization also reinstated its forecast for the year, expecting an annual comparable operating profit of between 740 million and 820 million euros. The article contains about Coca-Cola HBC Flags $195m Hit From Russia.
Coca-Cola, or Coke, is a carbonated soft drink manufactured by the Coca-Cola Company. Marketed initially as a temperance drink and intended as a patent medicine, it was designed in the late 19th century by John Stith Pemberton in Atlanta, Georgia.
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