Kofola In The Black In H1

Despite posting a CZK87mn (EUR3.47mn) loss in Q109, leading Czech Republic-based soft drinks producer Kofola Group (formerly Kofola-Hoop) reported first half (the six months to June 30) net income of CZK67.6mn after overseeing a solid second quarter rebound. One of the largest soft drinks makers in Central and Eastern Europe (CEE), Kofola also has production plants in Poland and Slovakia. Following its merger with leading Polish carbonates producer Hoop in 2008, BMI believes Kofola is well placed to take advantage of our forecast that soft drinks volume sales in the highly promising Polish market will increase 16.6% to 6.6bn litres.

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