Soft drink maker Coca-Cola Amatil Ltd
(ASX:CCL) says it first half net profit rose 10.4 per cent after favourable summer weather in the first quarter led to higher drink sales.
Net profit after tax for the six months came to $189.8 million, up from $171.9 million for the same half last year, while earnings before interest and tax rose 10 per cent to a record $339.8 million.
Managing director Terry Davis says the highlight for the half was the performance of the Australian Beverage business which delivered strong revenue and earnings growth.
Coca-Cola Amatil says it expects to deliver high single digit growth in both earnings before interest, tax and net profit after tax for the second half.
Coca-Cola Amatil posted net profit of $385.6 million in 2008.
