Coca-Cola Amatil's profit slides 37.3%

Company News

by Rachael Jones

Coca-Cola Amatil (ASX:CCL) today reported its full year results for 2018, statutory NPAT of $279.0 million, down 37.3 per cent on the prior corresponding period.

Underlying earnings before interest and tax (EBIT) from continuing operations is $634.5 million down 6.5 per cent from $678.3 million.

Weaker profits from Australian beverages and Indonesia and Papua New Guinea offset stronger earnings from New Zealand and Fiji and alcohol and coffee.

Final dividend per share is 26 cents 50 per cent franked.

Shares in Coca-Cola Amatil (ASX:CCL) are trading 1.73 per cent lower to $8.21.

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.