“The outlook for growth in full year 2002 net profit remains unchanged at the upper end of CCA’s previously communicated three-year management target of 10%-15% per annum,” CCA said in a statement to the Australian Stock Exchange. “CCA also expects that the first half of 2002 net profit growth to be consistent with the three-year annual management target.”
AUSTRALIA: Coca-Cola Amatil confirms profit target
Australian soft drinks group, Coca-Cola Amatil, has said it believes it is still on target to post full-year net profit growth at the upper end of its 10% to 15% forecast. The company, which is 35%-owned by Coca-Cola Co., said gains from asset sales in 2002 would be slightly ahead of exceptional charges in respect of company restructuring.