Coca-Cola HBC flags $195m hit from Russia

Coca-Cola HBC AG said on Thursday it took a one-time hit of 190 million euros ($195.4 million) in the first half from costs related to its Russian business after it stopped selling Coke and other Coca-Cola Co products in the country.

The company also reinstated its forecast for the year, expecting annual comparable operating profit between 740 million and 820 million euros.