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Coca-Cola Amatil fizzling out

rsz_ccaCoca-Cola Amatil has recorded a flat first half profit result due to weaker earnings from its core Australian business.

The company made a net profit of $183.9 million for the six months to June 30, up less than one per cent from $182.3 million a year ago.

The result was weighed down by a six per cent slide in earnings from the company’s non alcoholic beverages business in Australia, which is by far its largest division, due to what says were weak trading conditions.

Coca-Cola Amatil kept its 75 per cent franked interim dividend flat at 20 cents per share.

AAP

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