Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Coca Cola (ASX:CCL) Share Price Pops 6% Higher

The Coca Cola Amatil Ltd (ASX:CCL) share price popped almost 6% higher after reporting its result. 

The Coca Cola Amatil Ltd (ASX: CCL) share price popped almost 6% higher after reporting its result.

Coca-Cola Amatil is the Australian distributor and rights holder to the famous Coca-Cola brand (which is owned by the US parent Coca-Cola Company). Coca-Cola Amatil started life in 1904 as British Tobacco Company. The ‘Amatil’ in its name came in 1977 when it was renamed as Allied Manufacturing and Trade Industries Limited (AMATIL).

Coca Cola Amatil’s Bubbly Result

In the 2019 half year result Coca Cola Amatil reported that its total revenue increased by 5% to $2.43 billion.

Coca Cola’s Ongoing EBIT (click here to learn what EBIT means) fell by 3.8% to $289.9 million. Looking at some of the individual results, Australian beverages EBIT fell 8.3% to $161.6 million, New Zealand & Fiji EBIT rose 15.1% to $57.3 million and Alcohol & Coffee EBIT rose 10.2% to $24.8 million.

The company said Australian Beverages showed pleasing progress from its Accelerated Growth Plan.

Statutory net profit after tax (NPAT) rose by 6.3% to $168 million.

A couple of months ago the company announced the successful completion of the SPC business to Shepparton Partners Collective for $40 million with a profit of $14 million on completion.

Coca Cola also said that it is making good progress with its property portfolio, including the sale of lots 2 and 3 of its former bottling facility site in South Australia.

Coca Cola Dividend

For the half year, the Coca Cola Board declared a total unfranked dividend of 25 cents per share, comprising an ordinary interim dividend of 21 cents per share and a special dividend of 4 cents per share after the sale of SPC.

Is The Coca Cola Share Price A Buy?

Coca Cola said that the end of 2019 would mark the completion of its two-year transition period.

The company continues to invest in its segments, with costs of up to $30 million, for longer term returns and management are targeting a return to delivery of mid-single digit profit/earnings per share from 2020.

It’s quite different to most other shares on the ASX, but I’m not sure how much profit growth it can create over the longer term. Food brands are finding it tougher these days.

I prefer the idea of investing in reliable businesses that face less competition, like the ones revealed for free in the report below.

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content