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Coca-Cola’s Australian Business Hits Rocky Patch, But Sees Signs Of Rebound

August 23, 2017: 12:00 AM EST
Coca-Cola Amatil of Australia says its six-month financial performance, including a 29 percent slide in half-year profit, was due to weak soft drink and water sales, increased competition, and discounts. Sales were down 3.9 percent from 2016, revenue fell 5.1 percent, and underlying half-year earnings dropped 13 percent. The company hopes that the introduction of Coca-Cola No Sugar and Keri Juice Blenders in June will spur a rebound. Managing director Alison Watkins already sees reason for optimism, especially “a steady improvement since [the first months of the year] and a return to more normal conditions."
"Coca-Cola Amatil Pins Hopes on New Drinks", Special Broadcasting Service Corporation, August 23, 2017, © SBS
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