Turnover down 3% at Coca-Cola HBC Ireland

Coca-Cola HBC Ireland, which bottles the soft drink, turned in a Profit of €31.4 million in the year to 31st December 2010, considerably up from €1.6 million the previous year, according to the company’s end of year accounts.

Part of Coca-Cola HBC SA, the Dublin company’s turnover fell three per cent to €206 million  from 2009‘s €212 million but a considerable reduction in distribution costs TO €13.5 million (from €19.8 million) and administration costs to €7.9 million (from €13.9 million) helped the profits hike.

Operating profits before reorganisation costs were €33.9 million compared to €13.0 million in  2009.