Coca-Cola Amatil (ASX:CCL) pulls earnings guidance

Company News

by Rachael Jones

Coca-Cola Amatil (ASX:CCL) say given the significant uncertainty in relation to the duration and impact of the COVID-19 pandemic, we no longer feel it is appropriate to continue to provide earnings guidance.

The company issued its 2019 full year results and guidance on the 20th February.

Ba then they said they remained on watch for flow-on effects on the economy of the bushfires in Australia and coronavirus (COVID-19).

Since then we have seen a significant escalation of measures taken by governments in each of our markets in an effort to slow the rate of COVID-19 infection.

Shares in Coca-Cola Amatil (ASX:CCL) closed 4.57 per cent lower to $10.02 yesterday.
 

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.