Coca-Cola Amatil (ASX:CCL) says the colder wetter weather, particularly flooding in Queensland, is having a negative effect on drink sales.
Earnings before interest and taxes has been revised down for the second half, to 5 to 5.5%, well below the 7 to 8 per cent previously advised target.
The full year figure is expected to be 7 per cent.
But second half net profit growth is expected to be 9 to 10 per cent, ahead of target, due to lower interest and tax costs. 10 percent growth in net profit for the full year is expected.
Overall, Coca Cola Amatil delivered a record net profit after tax for the 2010 half year of $212.7 million
CCL Price at posting:
$11.06 Sentiment: None Disclosure: Held
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