AUS: Coca-Cola Amatil reports H1 profits rise
Coca-Cola Amatil recorded an increase in net profits for the first half of the year
Coca-Cola Amatil (CCA) has recorded an increase in net profits for the first half of the year.
For the six months to 2 July, net profits after tax rose by 12% on the same period of 2009 to A$212.7m (US$190.2m), the firm said today (12 August).
Sales climbed by 4% to reach A$2.13bn. EBIT amounted to A$373.8m, a 10% increase on the prior year period.
CCA’s group managing director, Terry Davis, said: “In the year-to-date I am pleased that the strength of our business model in effectively balancing pricing, volume growth and market share has provided the platform to improve our profitability and market position in each of our territories.”
CCA said it is targeting to achieve high single-digit growth for EBIT in the second-half, assuming a normal trading season for Australia and New Zealand.
Click here to view the full earnings release.
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