GREECE: Coca-Cola HBC raises dividend

By | 23 March 2009

Coca-Cola Hellenic Bottling Co has raised its dividend for 2008 by 12% on the previous year.

The Greece-based soft drinks bottler said on Friday (20 March) that it plans to pay a dividend of EUR0.28 per share.

Managing director Doros Constantinou said: "This highlights the strength of Hellenic's business model and healthy financial position to drive solid cash flow generation."

If approved at the company's AGM on 18 June, the 2008 dividend will be paid on 29 June to shareholders of record as of 24 June.

Last month, Coca-Cola Hellenic (CCHBC) withheld profit guidance on 2009.

Like-for-like net income for the 12 months of 2008 fell by 10% to EUR425m (US$537m), it said in February. Reported net profit fell by 52%, to EUR227.6m, compared to 2007.

Sectors: Soft drinks

Companies: Coca-Cola Hellenic Bottling

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