Coca-Cola Amatil declares special dividend

Company News

by Rachael Jones

Last Movement
$11.510 -$0.272 -2.31%
Data Source:
Last Updated: 28/02/2020 3:27 PM

Coca-Cola Amatil (ASX:CCL) report statutory net profit after tax (NPAT) of $168.0 million for the half year, up 6.3 per cent on the prior corresponding period.

Statutory earnings before interest and tax (EBIT) is up 4.7 per cent to $273.5 million, up 4.7 per cent.

As expected, EBIT was impacted by investment in marketing and container deposit schemes.

Performance in New Zealand was good and there was solid profit growth from Fiji and strong sales growth in Indonesia and in Papua New Guinea from operational improvements.

Shareholders will get 4 cents a share special dividend from the sale of SPC food business, an increase of 6.4 per cent.

Shares in Coca-Cola Amatil (ASX:CCL) are trading 4.69 per cent higher at $10.93. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.