and the drinks giant took a $101.2 million impairment of its Indonesia division.
Total revenue for the ASX-listed beverages business was down 9.2 per cent to $2.19 billion, which was ahead of the $2.15 billion consensus estimate of analysts surveyed by Bloomberg.Earnings before interest, tax, depreciation and amortisation fell 19.4 per cent to $370.5 million, with the company attributing this to the impact of COVID-19 on sales, as the share of its higher margin drinks sold at restaurants, stadiums and hotels was slashed by widespread government-mandated venue closures.
Despite the loss, the company will pay a first half dividend of 9 cents per share, unfranked, on October 13. This is well down on last year's 25 cent interim dividend.
O fuck. And. Who cares !?! Thanks for the non-news
Boo Hoo
Well that's going to be a hell of a lot better for people's health. Who needs all that sugar anyhow?
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