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 presents the Market Outlook on Monday and Friday. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.