Signs Of Greenshoots In Russia As Greece Weighs Down Coca-Cola Hellenic

Greek Coca-Cola bottler Coca-Cola Hellenic (CCH) has reported net income for Q210 (ending June 30 2010) of EUR172mn - 11% below a Reuters poll consensus. Its earnings were affected by a one-off tax imposed by the Greek government on large firms to try and ease the country's fiscal deficit. With more than 40% of its volume sales accounted for by Central and Eastern Europe (CEE), where ongoing discretion and fiscal austerity measures are largely clogging demand, CCH has been one of the worst affected Coca-Cola anchor bottlers over the past 18

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