CCA
Beverage bottler, Coca-Cola Amatil (ASX:CCL) have released their interim 1H financial results for FY 2012 to the ASX stockmarket.
- First Half 1H profit jumped 61 percent to $247.2 million, compared to $153.6 million the previous year.
- Earnings this year were boosted by an investment made the previous year on $80.5 million cost of restructuring its SPC Ardmona fruit-processing business.
Macquarie Research have released their views on Coca Cola (CCL). Upon yesterday's release of their FY07 results, Macquarie sees CCL as a defensive stock in a volatile market. They have an Outperform recommendation and see a potential of +18% on its share price in the next 12 months.
In a market that continues to disappoint investors, with constant sell downs despite performance, the search is on for that one gem that can last the market volatility and shine through as a safe haven. After yesterdays report Coca Cola Amatil (CCL) could be that stock.
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