Coca-Cola Amatil Posts 1st Half Net Loss
By Mike Cherney
SYDNEY--Australian bottler Coca-Cola Amatil Ltd. reported a
first-half loss as consumers shifted to lower-margin products in
response to economic headwinds from the coronavirus pandemic.
The company reported a statutory net loss of 9 million
Australian dollars ($6.5 million), which reflected non-trading
items relating to its Indonesian, Fijian and Samoan business. It
reported net profit of A$168 million in the prior year.
Group trading revenue fell 9.0%. Stripping out the one-time
items, net profit was down 35% to A$112 million.
The company declared a dividend of 9 Australian cents per
The bottler didn't provide earnings guidance for the rest of the
year due to uncertainty from the pandemic.
Write to Mike Cherney at email@example.com
(END) Dow Jones Newswires
August 19, 2020 19:36 ET (23:36 GMT)
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