Coca-Cola's H1 profit falls

Group's Australian beverage arm takes a hit on challenging conditions in grocery sector, competition from private labels.

Coca Cola Amatil (CCL) has downgraded its full-year earnings guidance after profit in the first half took a hit on a 10% fall in Australian beverage earnings.

The world's largest beverage maker blamed difficult trading conditions in the Australian grocery market and competition from private labels and now expects full-year EBIT to come in between flat or fall by up to 4% on last year. 


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