Coca-Cola HBC flags one-time $195M hit from Russian operations

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Coca-Cola HBC AG stated on Thursday it incurred a one-time hit of 190 million euros ($195.36 million) within the first-half on account of prices associated to its enterprise in Russia after it stopped sale of Coca-Cola drinks within the nation following the Ukraine struggle.

The delicate drinks bottler, which as soon as counted Russia as considered one of its largest markets, additionally expects to maintain monetary fees of about 82 million euros within the second-half because it depleted all its shares and would now not produce or promote Coca-Cola or different manufacturers of the Coca-Cola Co. in Russia.

HBC is considered one of Coca-Cola’s many bottlers worldwide and holds native Coca-Cola franchises to bottle and promote drinks produced by the U.S. be…

Carry on studying: Coca-Cola HBC flags one-time $195M hit from Russian operations

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