Coca-Cola Amatil Ltd (ASX:CCL) has posted a record net profit after tax for the first half of the year, 12% up to $212.7 million.
The beverages company says earnings before interest, tax, depreciation and amortisation increased 10%, or $34 million, to $373.8 million for the six months to June 30.
Coca-Cola has advised that the strong earnings growth has supported a 10.8% increase in the fully franked interim dividend from 18.5 cents to 20.5 cents per share.
Group Managing Director Terry Davis says the outcome for the first half were very good and strengthened by significant investments recently made by the company.
Looking ahead Mr Davis says, assuming a normal trading season in Australia and New Zealand, Coca-Cola is targeting high single-digit growth in earnings before interest and tax for the second half.
Coca-Cola Amatil reported a profit of $449 million for the year to 30 December 2009.
CCL Price at posting:
$11.72 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)