Coca-Cola announces weaker beverage trading

Company News

by Jessica Amir

Coca-Cola Amatil Limited (ASX:CCL) has announced weaker trading in Australian beverages year-to-date, compared to the prior corresponding period.

The drinks giant says it experienced volume and price pressures across all channels on the back of competition, category trends and challenges in the market.

As a result Coca-Cola Amatil is expecting its underlying net profit after tax to decline in the first half of 2017.

The company is also expecting mid single-digit earnings per share growth.

Shares in Coca-Cola Amatil Limited (ASX:CCL) is trading 9.22% lower at $9.75
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.