Retail in Asia

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Coca-Cola Amatil sees profit pickup

Australian beverages supplier Coca-Cola Amatil (CCA) expects a higher underlying profit in the first half of the 2012 calendar year, despite tough trading conditions.

"CCA expects to generate around 4 to 5 percent growth in net profit for the first half of 2012, before significant items," CCA group managing director Terry Davis told shareholders at the company’s annual general meeting in Sydney on Tuesday.