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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Coca Cola Company | NYSE:KO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.26 | 0.42% | 62.25 | 62.33 | 61.64 | 61.99 | 11,628,678 | 01:00:00 |
From May 2019 to May 2024
By David Winning
SYDNEY--Australian bottler Coca-Cola Amatil Ltd. (CCL.AU) forecast a 120 million Australian dollar (US$85.6 million) annual loss for its SPC fruit-and-vegetable processing business after booking a hefty impairment charge.
The company said it would record a pretax charge of A$146.9 million in its accounts for the 2018 year, reducing the carrying value of SPC's net assets held for sale to zero.
"This non-cash impairment does not impact the underlying performance of the business or the group's ability to pay dividends," Coca-Cola Amatil said.
The company said it had received strong interest in SPC from buyers, and several Australian and overseas parties have been shortlisted after making initial offers.
-Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
February 17, 2019 17:26 ET (22:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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