Coca-Cola Amatil
(ASX:CCL) reported its attributable profit fell over 29 per cent to $140.1 million for the 2017 financial year on the back of what they are calling 'a challenging year' for Australian beverages.
Despite improvements since Easter, its total revenues slipped 3.8 per cent to $2.5 billion over the 12 months to 30 June 2017.
Its underlying earnings before interest and tax (EBIT) fell 4.3 per cent to $312.7 million, with the biggest drag coming from the Australian market with stills and sparkling units falling, along with corporate food and services.
The company declared an interim dividend of 21 cents per share, 70 per cent franked. It also paid the prior financial year’s dividend this year of 25 cents per share 75 per cent franked.
Shares in Coca-Cola Amatil
(ASX:CCL) are trading around 3.3 per cent lower to $8.19.
