FORECAST DROP IN CCA EARNINGS

COCA-COLA Amatil has warned that its expected earnings for the first half of this year could drop by 15% – around $A56million – and has blamed soft consumer demand and pressure from supermarkets. New Australasian chief executive Alison Watkins has launched a strategic review of the company’s operations including its assets, cost base, marketing strategies, spending priorities, product mix and productivity. Much of the problem was in the Australian and Indonesian markets with New Zealand holding up strongly and continuing to improve.

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