ATHENS Aug 21 Coca-Cola Hellenic (CCH)
, the world's second-largest bottler of Coca-Cola Co.
soft drinks, posted on Tuesday a 25 percent drop in
first-half comparable profit, in line with expectations, 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 109 million euros ($134.5 million), compared with
analysts' average 110.1 million euro forecast in a Reuters poll.
The bottler said the volume of unit cases sold dropped by 2
percent year-on-year to 1.01 billion. Sales rose 1 percent to
3.43 billion euros, compared with analysts' forecast of 3.42
The company reiterated its guidance for free cash flow
generation and investments of 1.45 billion euros in the
($1 = 0.8103 euros)
(Reporting by Harry Papachristou)