Bell Potter

Divisional highlights: Australia Beverage (67% group EBIT) volumes down 1.5%. EBIT down 1.9% to $218m, EBIT margin 16.8%, up 0.3 ppts; NZ & Fiji (14% group EBIT) volumes up 10.5%. EBIT up 5.4% to $46.7m, EBIT margin up 0.2ppts to 18%; Indonesia and PNG volumes up 14.2%. EBIT up 65.2% to $37m, EBIT margin up 2.2ppts to 6.4%; Corporate Food and Services EBIT down 57.5% to $5.7m; Alcohol & Coffee EBIT up 33.6% to $19.5m, EBIT margin 8.3% up 0.1ppts | Net operating cash flow $331.7m as compared to $161.2m in pcp , cash realisation ~98%.


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