Revenue ($b) 4.8, down 6.1pc from year-earlier 5.1
Pre-tax profit ($m) 217.9 v 533.1
Net profit ($m) 179.9 v 374.4
Final dividend (¢) 18.0 v 26.0, payable April 30
Coca-Cola Amatil has handed shareholders a parting gift before it is taken over by Coca-Cola European Partners, paying out a fully-franked final dividend to make sure franking credits do not go to waste.
Group managing director Alison Watkins said the final dividend, which was cut by 30 per cent to 18¢ a share and represented a payout ratio of only 57 per cent, would have been higher if not for Coca-Cola European Partners’ $9.8 billion offer, but it would have been only 50 per cent franked.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
