Coca-Cola Hellenic Shares Fall On Back Of Lower Profits, But Volumes Now Moving In Right Direction

Shares in Greece-based soft drinks producer Coca-Cola Hellenic (CCH) have sold off sharply over the past couple of weeks in comparison to BMI's global soft drink index (see first chart). This selloff comes after the firm posted poor Q2 figures on the back of increased commodity costs and challenging economic conditions. The company's net profits for the quarter came in 28% lower than the previous year at EUR147mn and missed analyst expectations. With exposure to some of the regions worst impacted by the global economic slowdown, CCH has been finding the going tough for the past two years. However, up

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