Coca-Cola Amatil FY19 Profit Rises, Fueled by Coke No Sugar
20 2월 2020 - 8:44AM
Dow Jones News
By Mike Cherney
SYDNEY--Australian bottler Coca-Cola Amatil Ltd. said full-year
net profit from continuing operations rose slightly in 2019, with
Coca-Cola No Sugar performing well in its main Australian
market.
Amatil said that net profit from continuing operations was
nearly 394 million Australian dollars (US$263 million), an increase
of more than 1%. Total revenue rose nearly 7% to A$5.1 billion. On
a statutory basis, net profit was A$374 million, a 34% jump,
largely due to a big loss recognized the previous year from
Amatil's now-sold SPC fruit-packing business.
Amatil declared a final dividend of 26 Australian cents per
share, the same as the prior period.
"The continued volume growth in Coca-Cola No Sugar is a
testament to consumer enthusiasm for healthier options, and a sign
of the strength of our portfolio," said Group Managing Director
Alison Watkins. "We've heard the message on consumer wellbeing, and
we're delivering with reductions in sugar content across the
portfolio of sales."
Amatil has contended with shifting consumer preferences away
from sugary, carbonated beverages, especially in its main
Australian market. The company said trading revenue in 2019 rose
more than 2% in its Australian beverages unit and volumes rose
nearly 1%. Earnings from continuing operations, however, fell
nearly 2% in the Australia unit.
Looking ahead, Amatil said it expects to deliver mid-single
digit earnings per share growth in 2020 and over the medium term.
It also said it expected higher earnings growth in the second half
of 2020 than the first half.
The company added that it's on watch for the flow-on effects
from the bushfires in Australia and the coronavirus outbreak.
Write to Mike Cherney at mike.cherney@wsj.com
(END) Dow Jones Newswires
February 19, 2020 18:29 ET (23:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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