News: CCL Coca Cola Amatil posts prelim FY net profit of $393.4 million

Feb 17 (Reuters) - Coca-Cola Amatil Ltd (CCL) :

• Cca - 2015 financial results (CCL)
• 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"