Coca-Cola Amatil struggling in Indonesia

|About: Coca-Cola Amatil Ltd. ADR (CCLAY)|By:, SA News Editor

Coca-Cola Amatil (OTCPK:CCLAY) is facing a serious profit squeeze in Indonesia with currency swings and higher costs significant factors.

The company is also spending heavily in the nation in an effort to boost the Coke brand.

YTD earnings from Amatil's Indonesia and Papua New Guinea division are off 80% YTD.

Coca-Cola (NYSE:KO) has a 29% stake in the Australian soft drinks concern.