Tuesday 10 December 2019

Irish arm of Coca-Cola back in the black with €4m profit

coca-cola bottling china
coca-cola bottling china
Independent.ie Newsdesk

Independent.ie Newsdesk

The Irish arm of Coca-Cola last year injected some fizz back into its business by returning to profit.

New figures show that Coca-Cola HBC Ireland Ltd recorded a pre-tax profit of €4.18m following a pre-tax loss of €3.4m in 2012.

Revenues at the firm rose 1pc to €169.15m last year.

The US firm recorded the return to profit after its cost of sales reduced from €111.4m to €103.85m.

The return to profit came in spite of the firm incurring exceptional restructuring costs of €5.14m. The figures show that the firm's workforce reduced from 382 to 330 during the year.

The profit last year takes account of non-cash depreciation costs of €3.42m.

Directors' emoluments last year increased from €279,000 to €444,000. Coca-Cola paid a dividend of €4m last year.

Irish Independent

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