Coca-Cola Amatil Ltd. (XFS: CCA) said it expects single digit earnings growth for 2007 despite rising costs.
Terry Davis, chief executive of the Australian bottler, said at the companyâ€™s annual meeting that the forecast is based on the current trading environment, according to News.com.au.
Davis said that in the first four months of 2007, the soft drink company has experienced solid trading in Australia, New Zealand and Indonesian markets.
The company plans to expand on alcoholic beverages on the high volume sales in region of Australia and New Zealand. Indonesiaâ€™s operations are performing better with cost control.
In 2006, Coca-Cola Amatilâ€™s net profit fell 11.9 per cent to $282.4 million.
Coca-Cola Amatil said it plans to be third largest brewer in Australia by 2012, behind Fosterâ€™s Group Ltd and Lion Nathan ltd.