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News: CCL Coca-Cola Amatil Expects Non-Cash Impairments Of $160-190 Million In 1H2020

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    23/07/20
    10:30
    Post #: 46038477

    July 23 (Reuters) - Coca-Cola Amatil Ltd (CCL) :

    • CURRENTLY ASSESSING CARRYING VALUE OF EACH OF ITS BUSINESSES AS AT 30 JUNE
    • EXPECTS TO INCUR NON-CASH IMPAIRMENTS IN RANGE OF $160-190 MILLION (POST TAX, PRE-MINORITIES) IN 1H2020 ACCOUNTS
    • LIKELY IMPAIRMENTS RELATE PREDOMINANTLY TO AMATIL'S INDONESIAN BUSINESS AND WILL NOT IMPACT COMPANY'S DEBT FACILITIES
    • GROUP'S TRADING VOLUMES IN JUNE 2020 WERE DOWN ABOUT 9% COMPARED TO JUNE 2019
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