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THE COCA-COLA COMPANY ANNOUNCES FOURTH QUARTER NET GAIN FROM NONRECURRING ITEMS OF $18 MILLION, OR $0.03 PER SHARE

 THE COCA-COLA COMPANY ANNOUNCES FOURTH QUARTER NET GAIN
 FROM NONRECURRING ITEMS OF $18 MILLION, OR $0.03 PER SHARE
 ATLANTA, Jan. 21 /PRNewswire/ -- The Coca-Cola Company (NYSE: KO) announced today that it recorded nonrecurring gains and charges in the fourth quarter of 1991 that will add a net $18 million ($0.03 per share) to fourth quarter earnings.
 The Company recorded a net after-tax gain of approximately $44 million ($0.07 per share) in the fourth quarter resulting from the sale of property no longer required as a result of a restructuring of concentrate operations in Japan.
 The Company was also impacted by two nonrecurring items related to Coca-Cola Enterprises (NYSE: CCE): an after-tax charge of approximately $44 million ($0.07 per share) due to a restructuring provision at Coca-Cola Enterprises; and an after-tax gain of approximately $18 million ($0.03 per share) resulting from the sale of the Company's shares in Johnston Coca-Cola Bottling Group to Coca-Cola Enterprises. The Coca-Cola Company owns approximately 44 percent of the outstanding common stock of Coca-Cola Enterprises.
 -0- 1/21/92
 /CONTACT: Linda Peek of The Coca-Cola Company, 404-676-4848/
 (KO CCE) CO: The Coca-Cola Company ST: Georgia IN: FOD SU:


BN-BR -- AT003 -- 1633 01/21/92 08:22 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:206
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