Room inspection Tuesday 20/8/2013 radio bookeepers day==financial week 8 -- Notes

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Subject: Room inspection Tuesday 20/8/2013 radio bookeepers day==financial week 8

Author:
done on Coke profit report==122.5 low Qantas

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Date Posted: 02:05:56 08/21/13 Wed

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.............YOUR FRIENDS' ACTIVITYprev next .....YOU ON YAHOO! FINANCEYour Activity |Social: OFFON Turn Social ONRemind me when I share|Options What is this?Not you? Log out of FacebookHow to remove this experience.......Coca-Cola Amatil 1H profit down 12%

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Coca-Cola Amatil has reported a 12 per cent fall in half-year net profit due to tougher trading conditions for its products in supermarkets and grocery stores.

The company made a net profit of $216 million for the six months to June 30, down from $246 million for the same time last year.

Coca-Cola Amatil expects its full year earnings to be down as much as four per cent on the previous year, before significant items.

The company said the half-year result was affected by a 10 per cent fall in Australian beverage earnings due to aggressive competitor pricing in supermarkets.

"As a result, CCA invested in higher levels of market support and promotional activity which impacted price realisation and profitability for the half," the company said in a statement.

The company's non-alcoholic beverages and alcohol, food and services divisions both reported a 3.5 per cent drop in revenue during the half-year.

Group managing director Terry Davis said the company was restructuring its SPCA SPCA fruit and vegetable processing business and had recorded strong growth from its Indonesian operations.

He said the company was working to reduce costs and improve its market performance.

"While the Australian non-grocery business continues to perform well, the trading conditions in the grocery channel continue to be challenging," he said.

"A number of initiatives are being undertaken to improve the operating performance with a strong summer promotional and marketing program and a number of new product launches in the pipeline."

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