Coca-Cola Amatil Ltd (ASX:CCL) says it will double its investment in Indonesia by the end of 2013, as it plans to invest $100 million per year over the next three years.
The expansion in Asia comes amid a cautious outlook that Coca-Cola is maintaining for its Australian and New Zealand businesses.
The beverage company says the recent interest rate rise is likely to impact consumer sentiment and discretionary spending for the balance of the year.
Group managing director Terry Davis says the company is targeting seven to eight per cent growth in earnings before interest and tax in its second half of its financial year.
Coca-Cola Amatil lifted its half year earnings by 12 per cent, posting a $212.7 million net profit for the six months to 2 July.
CCL Price at posting:
$11.45 Sentiment: None Disclosure: Held
