Coca-Cola Hellenic Reports Volume Drop

Greece-based soft drinks producer Coca-Cola Hellenic (CCH) has reported an increase in full-year profits as its cost-cutting drive paid dividends despite continued weakness in its core soft drink markets. In the 12 months to December CCH posted a 3% increase in comparable net profits to reach EUR437mn. However, net sales were down by 6% to EUR6.54bn with volumes declining by 4.5%. The weakness in the company's volumes sent its share price tumbling by 3% and with many of its core markets still in recession CCH is set for another difficult year in

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