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Coca-Cola Amatil signals up to $190 million of non-cash impairments – Sydney Morning Herald

Coca-Cola Amatil has flagged impairments of up to $190 million in its June half results, and warned that volumes dropped about 23 per cent in the June quarter.

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The drinks maker also gave a trading update on its June performance, informing the market that conditions had improved from the severe troughs of April and May.
Volumes were down about 9 per cent compared to June last year, but total June quarter volumes are expected to be down about a hefty 23 per cent on the same period last year.
A major reason behind the weaker sales was the government imposed lockdowns across Australia and other markets. This slashed the drinks maker’s sales to restaurant…

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