US: Coca-Cola Enterprises raises profit forecast

The soft drinks producer, Coca-Cola Enterprises Inc. (CCE), has said that it expects profit for 2003 to rise by as much as 22% on the back of price increases and strong demand for newly launched lines, such as Vanilla Coke.

Coca-Cola Enterprises, the largest bottler of Coke brands in the world, said that it was forecasting net income for 2003 of between $1.15 and $1.22 a share which is at the upper end of analysts' predictions.

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