Coca-Cola Hellenic Q2 Sales Marginally Increase To EUR1.9bn
Coca Cola Hellenic has reported sales of EUR1.9bn for the second quarter ended July 2, 2010, an increase of 2% compared to the same quarter last year. Operating profit for the quarter was EUR264m, an increase of 2% compared to the previous year quarter.
For the quarter, company registered a net profit of EUR172m or EUR0.47 earnings per share, a 11% decrease compared to the prior year period.
For the six month period, net sales were EUR3.3bn, a decline of 1% compared to the last year period. Operating profit for the period was EUR320m an increase of 3% compared to the prior year period.
Net profit for the six month period was EUR201m or EUR0.55 earnings per share, stable compared to the prior year period.
Doros Constantinou, CEO of Coca-Cola Hellenic, said: “The broad geographic spread of our business enabled us to deliver a robust operating performance in the first half of the year, with the effects of increasingly challenging conditions in specific key countries being offset by improving trading performances in other markets, particularly in Eastern Europe.
Our ability to compete effectively through our strong market place execution and planned marketing programs has enabled us to gain volume share in many of our key markets. In addition, we continue to focus successfully on identifying further efficiency improvements and cost savings which are expected to support future profitability.”
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