Coca-Cola Amatil Limited
(ASX:CCL) has reported an interim profit fall and warned full year earnings are expected to drop from the prior year.
The beverage manufacturer’s net profit declined almost 16 per cent to $182 million in the first half of the 2014 financial year.
Coca-Cola Amatil has attributed the result to tough trading conditions and competition from private labels.
Looking ahead the company says it is focussed on cost savings of more than $100 million over the next three years to drive earnings growth.
An interim dividend of $0.20 has been declared, 75 per cent franked.
