Swire Pacific announces 2020 interim results. Below is the performance highlights of Swire Coca-Cola:
Swire Coca-Cola’s profit of HK$946 million in the first half of 2020 was 26% higher than in the first half of 2019. Disregarding a withholding tax payment in the first half of 2019, the increase would have been 14%.
Total revenue (including that of a joint venture company and excluding sales to other bottlers) decreased by 2% to HK$21,505 million. Overall sales volume decreased by 5% to 837 million unit cases.
Revenue and volume decreased in the Chinese mainland and Hong Kong. In the USA and Taiwan, revenue and volume grew.
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