SOFT drinks giant Coca-Cola yesterday announced third quarter profits up 21 per cent to $967 million against $802 million a year earlier.

Per-share earnings rose to 39 cents from 32 cents, in line with most forecasts. Turnover was five per cent down at $4.66 billion compared to $4.9 billion. International beverage sales increased during the quarter, driving worldwide unit volumes up by 6 per cent over year earlier levels.