Coca Cola Amatil's NZ earnings flat as grocery sales of fizzy falls

Tue, 17 Feb 2015

By Paul McBeth Feb. 17 (BusinessDesk) - Coca-Cola Amatil, which bottles Coca-Cola, Lift, Fanta and other drinks brands, said earnings in New Zealand were flat as sales of fizzy drinks in grocery stores were weaker. The Sydney-based company said New Zealand earnings were flat on a local currency basis, with the broader grocery market "sluggish". Coca-Cola Amatil's New Zealand and Fiji unit, which report together, lifted earnings before interest and tax 6.7 percent to A$88.2 million in the 12 months ended Dec. 31, due to currency gains, whi...

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