CCL Cuscal Ltd

   By Rebecca Thurlow 
 

SYDNEY--Coca-Cola Co.'s (KO) Australian distributor said consumer demand remains subdued in Australia at the start of this year while a weak currency is driving up its costs in Indonesia.

Still, Coca-Cola Amatil (CCL.AU) Chief Executive Alison Watkins said the company aims this year to move a step closer to its target of increasing earnings per share by the mid single digits. That target was first outlined in 2014.

"The pace will depend on the success of revenue initiatives in Australia, and economic factors in Indonesia," Ms. Watkins said in an address to the company's annual shareholder meeting.

Coca-Cola Amatil is 29%-owned by U.S. beverage giant Coca-Cola Co.

-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com

(END) Dow Jones Newswires

May 17, 2016 20:35 ET (00:35 GMT)

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