AUSTRALIA: CCA expects to hit 2003 targets

By | 27 October 2003

Coca-Cola Amatil Ltd expects full year net profit to reach target. The company believes that net profit for 2003 should be at the higher end of its three-year growth target of between 10% and 15%. Assuming profit exceeds 10%, this will be the third consecutive year that CCA will post growth of double digits.

Profits in Australia and New Zealand have been high for CCA and improvements in Indonesia have also contributed to a good year for the company. Free cash flow before acquisitions is expected to reach A$200m for the full year.

Sectors: Soft drinks

Companies: CCA

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