date:Nov 09, 2012
Coca-Cola Hellenic (CCH) , the world's second-largest bottler of Coca-Cola Co. soft drinks, posted a 12% drop in nine-month profit, hurt by austerity in its debt-laden markets, higher commodity costs and currency shifts.
The company's comparable net income of 265 million euros ($338.01 million) beat analysts' average expectations of 256.8 million.
EU-IMF austerity measures have caused sales volumes to drop in Greece and Ireland as well as Italy, where the government is also curbing spending