Coca-Cola Amatil Limited
(ASX:CCL) has posted a half year net profit of $215.9 million, down by 12.3 per cent on the same period a year ago.
The world’s largest drink maker has downgraded its full-year earnings guidance, saying it expects a fall of up to 4 per cent after its Australian beverage arm dragged first half net profit lower amid difficult trading conditions.
Coca-Cola said competition from imported private label products was partly responsible for its weaker result.
Interim revenue dropped 3.4 per cent to $2.36 billion.
Coca-Cola will pay a partially franked interim dividend of 24 cents per share and a special dividend of 2.5 cents per share on October 1.
