CCL 0.00% $13.30 coca-cola amatil limited

Feb 17 (Reuters) - Coca-Cola Amatil Ltd (CCL) : Cca - 2015...

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    Feb 17 (Reuters) - Coca-Cola Amatil Ltd (CCL) :

    • Cca - 2015 financial results (CCL)
    • Prelim FY net profit $393.4 million versus $272.1 million
    • FY preliminary total revenue $5.19 billion versus $5.03 billion
    • Final dividend declared is 23.5 cents, franked to 75.0%
    • "Ahead of schedule with our cost-out program, on track to meet our commitment of at least $100 million over three years"
    • "Expect the turnaround of Australian beverages business to be gradual, fuelled by strong category and brand programmes in 2016"
    • Says short term outlook remains challenging
    • "Although we anticipate an increase in volumes in 2016, continued deterioration in Indonesian rupiah versus US dollar will impact profitability"
    • "Anticipate 2016 net finance costs to be in line with 2015 due to full year benefit of tccc's US$500 million equity injection in Indonesia"
    • "Expect to generate sufficient free cash flow to allow continued targeting of medium term dividend payout ratio of over 80%"
    • "Expect to maintain conservative balance sheet position which provides US with flexibility to fund future growth opportunities"
    • Says "on track to return to mid single-digit growth in earnings per share (EPS) over the next few years"
 
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