Coca-Cola Amatil Warns of Weak Consumer Demand in Australia, Indonesia Costs
May 17 2016 - 8:50PM
Dow Jones News
By Rebecca Thurlow
SYDNEY--Coca-Cola Co.'s (KO) Australian distributor said
consumer demand remains subdued in Australia at the start of this
year while a weak currency is driving up its costs in
Indonesia.
Still, Coca-Cola Amatil (CCL.AU) Chief Executive Alison Watkins
said the company aims this year to move a step closer to its target
of increasing earnings per share by the mid single digits. That
target was first outlined in 2014.
"The pace will depend on the success of revenue initiatives in
Australia, and economic factors in Indonesia," Ms. Watkins said in
an address to the company's annual shareholder meeting.
Coca-Cola Amatil is 29%-owned by U.S. beverage giant Coca-Cola
Co.
-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com
(END) Dow Jones Newswires
May 17, 2016 20:35 ET (00:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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