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Bottler Coca Cola HBC sees lower margins after H1 profit surges

Published 12/08/2021, 07:41
Updated 12/08/2021, 07:46
© Reuters. FILE PHOTO: Bottles of Coca-Cola are displayed at a supermarket of Swiss retailer Denner, as the spread of the coronavirus disease (COVID-19) continues, in Glattbrugg, Switzerland June 26, 2020. REUTERS/Arnd Wiegmann/File Photo
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(Reuters) - Soft drinks bottler Coca Cola HBC AG (LON:CCH) on Thursday forecast lower margins in the second half due to higher costs, while reporting a jump in first-half profit as people returned to restaurants, cinemas and other public places after lockdowns.

© Reuters. FILE PHOTO: Bottles of Coca-Cola are displayed at a supermarket of Swiss retailer Denner, as the spread of the coronavirus disease (COVID-19) continues, in Glattbrugg, Switzerland June 26, 2020. REUTERS/Arnd Wiegmann/File Photo

The company, which bottles and sells Coca-Cola (NYSE:KO) Co drinks in 28 countries, said comparable operating profit rose 67.8% to 350.3 million euros ($411.25 million) for the six months ended July 2.

($1 = 0.8518 euros)

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