World's largest soda distributor has seen an advanced in net income of $2.8 billion, according to Bloomberg.

Coca-Cola Co. (KO), the world’s largest soft-drink maker, said second-quarter profit rose 18 percent as sales in Latin America and Asia gained. Net income advanced to $2.8 billion, or $1.20 a share, from $2.37 billion, or $1.02, a year earlier, the Atlanta-based company said today in a statement. Excluding some items, profit was $1.17 a share, topping the $1.16 average of 14 analysts’ estimates compiled by Bloomberg. Bloomberg

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