The first-half net profit growth was double the market forecasts which had been for around A$85m. The comparative figure of A$77.3m excludes the earnings from Amatil’s Philippines operations which were sold in April 2001. Sales rose by 1.7% to A$1.6 billion.
AUSTRALIA: Profit at CCA up 22% in first half
Australian soft drinks group, Coca-Cola Amatil (CCA), recorded a 21.9% increase in net profit from its ongoing businesses in the six months to 28 June from A$77.3m to A$94.2m.