News: Coca Cola profit falls

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    Coca-Cola Amatil Limited (ASX:CCL) expects net profit to fall around 0.5 per cent, about $60 million, for the second half of the current financial year.



    The beverages company has also announced it will sell its 50 per cent stake in Pacific Beverages to SABMiller for $305 million.



    Coca-Cola Amatil expects a record profit after tax from the sale of $165 million. 



    Coca-Cola Amatil posted a half year net profit of $154 million to June 30, 2011.


 
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