Coca-Cola Hellenic Bottling Company has reported a 9% rise in volumes in its first half of the year, leading to a 5% jump in operating profits and a 1% increase in net income.

Operating profit reached €229.9mn versus €219.3m for the same period last year. Net income was €151.8m in the first six months versus €150.8m a year ago.

In the second quarter volumes were 433m unit cases, 14% ahead of the same period in 2004.

Operating profit reached €183.1m, 4% ahead of the same period in 2004. However, net income fell slightly to €138.8m from net income €139.9m in the same period a year earlier.

Doros Constantinou, managing director of Coca-Cola HBC, said: "Our performance during the second quarter was characterised by robust organic volume growth and the successful execution of our innovation plans. Core CSDs posted high single digit growth, and non-CSDs continued to grow by double digits across all categories.

"Despite higher raw material costs and limited pricing initiatives in some markets, supply chain efficiencies enabled us to sustain our margins at the same level as the first half of last year. The integration of our newly acquired businesses, including Multon in Russia, is progressing well and with the growth momentum of the first half continuing into July, we look to the rest of the year with continued confidence and accordingly update our 2005 guidance for our total business."

CCHBC raised its full-year target for earnings per shares (EPS) to €1.28-€1.30 and volume growth forecast to 10% from 6% previously.