Stock Watch:
ASX Code: CCL ( Coca-Cola Amatil)
Coca-Cola Amatil (ASX: CCL) – the manufacturer and distributor of one of the most popular brand in the world. A high Australian dollar and difficult trading conditions caused earnings for the first half to fall 6.9%, a better than expected result. However, the company also announced that it expected earnings for the full year to fall by 4%, after having previously advised it expected earnings to be flat.
This news reflected the share prices as it is now trading for $12.36. As the Australian dollar has fell by 10 cents in the past year and improved trading conditions, investors can expect this company to continue to deliver consistent returns.
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