Coca-Cola Amatil Half-Year Profits Are Way Down On Tougher Trading Conditions

Photo: Getty/Amy Sussman

Coca-Cola Amatil just posted half-year results, and profits are down 12%.

Investors are walking. Shares are down by around 4% just after the open this morning.

Coke made a net profit of $216 million for the six months to June 30, down from $246 million for the same time last year.

It’s blaming its competitors. In the results statement the company their aggressive pricing helped push down beverage earnings by 10%.

“As a result, CCA invested in higher levels of market support and promotional activity which impacted price realisation and profitability for the half.”

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Now read: Why One Analyst Thinks Coca-Cola’s New Beer Deal With Molson Coors Sucks

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