Friday, May 8, 2009

Coca-Cola Hellenic Bottling net profits drop sharply

Special
Report:
Global Financial Crisis


ATHENS, May 7 (Xinhua) -- Coca-Cola Hellenic Bottling on Thursday reported
a 74-percent drop in first quarter net profits to 7.0 million euros, with net
earnings per share at 0.02 euros, down 75 percent compared with the
corresponding period in 2008.


Doros Konstantinou, Coca-Cola Hellenic Bottling's Chief Executive,
commenting on the figures, said the group faced difficult trading conditions in
some of its markets, reflecting constant challenges in the global economic
environment, although he stressed that the group managed to raise its market
shares.

Konstantinou said it was difficult to predict short-term trading conditions
and noted that the group's strong capital structure, combined with new
initiatives would further enhance its competitive position.

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