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)

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.