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BRIEF-Coca Cola Amatil posts prelim FY net profit of $393.4 million

Published 17/02/2016, 09:58 am
© Reuters.  BRIEF-Coca Cola Amatil posts prelim FY net profit of $393.4 million
CCL
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Feb 17 (Reuters) - Coca-Cola Amatil Ltd CCL.AX :

* Cca - 2015 financial results CCL.AX

* Prelim FY net profit $393.4 million versus $272.1 million

* FY preliminary total revenue $5.19 billion versus $5.03 billion

* Final dividend declared is 23.5 cents, franked to 75.0%

* "Ahead of schedule with our cost-out program, on track to meet our commitment of at least $100 million over three years"

* "Expect the turnaround of Australian beverages business to be gradual, fuelled by strong category and brand programmes in 2016"

* Says short term outlook remains challenging

* "Although we anticipate an increase in volumes in 2016, continued deterioration in Indonesian rupiah versus US dollar will impact profitability"

* "Anticipate 2016 net finance costs to be in line with 2015 due to full year benefit of tccc's US$500 million equity injection in Indonesia"

* "Expect to generate sufficient free cash flow to allow continued targeting of medium term dividend payout ratio of over 80%"

* "Expect to maintain conservative balance sheet position which provides US with flexibility to fund future growth opportunities"

* Says "on track to return to mid single-digit growth in earnings per share (EPS) over the next few years"

* Source text for Eikon ID:nASX75D36Q

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