Coca Cola $459.9m Profit, Down 22.6% FY2012

Beverage company, Coca-Cola Amatil (ASX:CCL) have announced its full years results for 2012 to shareholders, investors and traders.

• CocaCola $459.9 million Net Profit, down 22.6 percent year on year.
• Coca-Cola managing director Terry Davis said, " "Given the difficult trading conditions experienced throughout the year, (Coca-Cola Amatil) has delivered another excellent result with 5.0 per cent growth in net profit (before significant items) to $558.4 million. The stand-out performer was once again Indonesia & PNG with double-digit volume and earnings growth while Australia delivered solid volume and earnings growth and increased market share despite a difficult trading environment."
• Davis said, "Our business is in the best shape ever, we are still seen as the benchmark performance levels across the global Coke system."
• Coca-Cola profit margin is 21 percent in its Australian business.
• Coca Cola Amatil is 29 per cent-owned by parent company Coca-Cola Co, whilst also producing consumer drinks it also distributes premium spirits range from Beam Global Spirits & Wines including Canadian Club whiskey and also owns the SPC Ardmona fruit processing company.
• The results included a $98.5 million in writedowns related to CCA's SPC Ardmona business which was affected by competition against supermarket labels and imports due to the high Australian dollar.
• Coca-Cola announced a 70 percent franked final dividend of 32 cents per share. There will also be a special dividend of 3.5 cents per share. Total 2012 dividends are 59.5 cents per share.