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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.