Coke H1 profit up 13 pct
Coca-Cola Hellenic Bottling Co (CCHBC) beat market expectations yesterday, posting double-digit net profit growth, as strong emerging markets more than offset restructuring costs. CCHBC reported a 13 percent rise in first-half net profit to 173.4 million euros. CCHBC’s recent acquisitions along with an 18 percent volume growth in emerging markets and the sale of a unit in Dublin more than offset a 37.1-million-euro restructuring charge in Greece, Croatia, Ireland and Nigeria. First-half sales volume rose 11 percent to 835 million unit cases, with revenues up 15 percent at 2.64 billion euros. (Reuters)
