Coca-Cola loses 190 mln euros from pausing Russian operations

MOSCOW, Aug 11 (PRIME) -- Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) lost 190 million euros in January–June following restrictions on its operations in Russia, and additional losses of around 82 billion euros are expected in July–December, the company said in a statement on Thursday.

The January–June losses included 188 million euros on non-cash and 2 billion rubles of cash losses.

In March, Coca-Cola said it suspended its operations in Russia. In June, it decided to shut down production and sales in the state.

End