Coca-Cola Amatil bottles some good profits
Coca-Cola Amatil (CCA) today reported a net profit of AUD$393.4 million for the six months ended the 31 December 2015.
This is an increase of 4.8 per cent on the previous corresponding period in 2014.
Trading revenue increased by 3.1 per cent to AUD $5.1 billion for the said six month period.
CCA Group Managing Director Alison Watkins said the results are consistent with plans and guidance outlined in 2014 despite challenging conditions.
“We are delivering on our strategy of strengthening our category leadership, making a step change in our productivity and in-market execution, and building better alignment with The Coca-Cola Company and our other partners,” Watkins said.
Watkins said CCA’s profit growth was highlighted in the results from New Zealand, Fiji, alcohol and coffee.
“While the Indonesian economy has been difficult we are working well with The Coca-Cola Company to realise its long term potential,” she said.
Across the period New Zealand and Fiji earnings increased 7 per cent due to strong performance in sparkling beverages and bottled water. CCA said the growth was achieved by bringing innovation to the market along with continued focus on targeted channel and market activation.
Alcohol and coffee earnings grew 31.7 per cent with sales of alcoholic ready-to-drink beverages and spirits benefitting from a redesigned partnership with Beam Suntory which now includes the Suntory range of spirits.
In addition, Yenda craft beer range, Paradise Beverages in Fiji and Grinders Coffee grew significantly contributing to the results.