CCL 0.00% $13.30 coca-cola amatil limited

News: CCL Coca-Cola Amatil posts HY net profit of $140.1 mln

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    Aug 23 (Reuters) - Coca-cola Amatil Ltd (CCL)

    • HY net profit $140.1 million versus $198.2 million
    • HY total revenue $2,474.4 million VS $2,571.8 million
    • Medium-term target of mid-single-digit earnings per share growth
    • Interim dividend declared of 21.0 cents per share, franked to 70 per cent
    • For 2017, additional capital expenditure is expected to be spent on specific initiatives resulting in group capital expenditure of around $365 million
    • 2018 group capital expenditure is expected to be similar to 2017
    • Expect to generate sufficient free cash flow to support a medium-term dividend payout ratio of over 80 pct
    • Anticipated that from 2017, franking will be lower than previous years
 
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