date:Feb 25, 2014
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Difficult trading conditions in the Australian grocery channel resulted in a 9.3 per cent decline in Australian beverage earnings, CCA reported. While the non-grocery channel delivered volume and earnings growth, grocery channel performance was impacted by aggressive competitor pricing, requiring higher levels of market support and promotional activity, which impact price realisation and in turn profitability. In addition, CCA said the business was cycling the impact of a material reduction