ATHENS Nov 8 Coca-Cola Hellenic (CCH)
, the world's second-largest bottler of Coca-Cola Co.
soft drinks, posted on Thursday a 12 percent drop in
nine-month comparable profit, hurt by austerity in its
debt-laden markets and higher commodity costs.
The Athens-based company with operations in 27 countries
including Russia and in Nigeria, said comparable net income came
in at 265 million euros ($338.01 million), compared with
analysts' average 256.8 million euro forecast in a Reuters poll.
The bottler said the volume of unit cases sold dropped by 1
percent year-on-year to 1.61 billion. Sales rose 3 percent to
5.47 billion euros, compared with analysts' forecast of 5.44
The company reiterated its guidance for free cash flow
generation and investments of 1.45 billion euros in the
($1 = 0.7840 euros)
(Reporting by Harry Papachristou)