Coca-Cola Amatil Posts Drop In Annual Profit

Coca-Cola Amatil

reported an 83% drop in its net profit for the year through December. Coca-Cola Amatil's net profit for the year slipped to 79.9 million Australian dollars (US$72.2 million), versus a restated A$457.8 million in the earlier year. Its earnings before interest and tax dropped 6.9% to A$833.3 million, versus the company's forecast of a 5% to 7% decline. Its underlying profit also declined 9.6% to A$502.8 million. Coca-Cola Amatil announced its plans to pay a final dividend of 32 Australian cents per share. Coca-Cola Amatil shares closed at $21.43 on Friday.