Coca-Cola Amatil Ltd (ASX:CCL) on Wednesday reported a first half year profit for the 12 months ending 30th June 2018 of $178.8 million, down 6 per cent on the same period a year earlier.
On a per-share basis, the company said it had a profit of 24.7 cents. This compares with a profit of 25.1 cents per share in the corresponding period last year. The company declared a first half year dividend for the period of 21 cents per share, flat on last year.
Coca-Cola Amatil Group Managing Director, Alison Watkins said: “The stabilisation of revenue and volume in Australian Beverages is consistent with our plans to reinvest cost savings in 2018, as part of the Accelerated Australian Growth Plan.
While there is more to be done, we’re pleased with our progress. In the medium-term we continue to target mid-single digit EPS growth, in line with our shareholder value proposition.”