Coca-Cola Amatil Just Posted A Horror Full-Year Profit

CCA posted a shocking full-year profit for 2013. Photo: Getty/Amy Sussman

Coca Cola Amatil posted a horror full-year 2013 profit, after a write-down and increasing competition in the soft drinks market.

Here’s what you need to know:

  • CCA booked a $404 million write-down on its fruit cannery SPC Ardmona
  • Full-year net profit fell 82.5% to $79.9 million, compared to a $457.8 million profit the year before
  • The SPC write-down comes after the Victorian state government agreed to fork out $22 million to help restructure the business
  • CCA is spending $78 million on the restructure
  • “Difficult trading conditions” caused a 9.3% decline in Australian beverage earnings
  • There was a 10% volume growth in the Indonesian market, but inflation, currency depreciation and economic challenges in Papua New Guinea impacted segment earnings
  • There was some good news from New Zealand: CCA booked a 10% local currency EBIT growth there

We’ll have more on the share price soon.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.