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Coca-Cola European Partners fiscal Q2 profit falls YOY

Coca-Cola European Partners PLC said its normalized net income for the fiscal second quarter ended July 3 was 59 cents per share, a gain from 58 cents per share in the second quarter ended June 27, 2014.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $139.1 million, a decline of 5.2% from $146.7 million in the second quarter ended June 27, 2014.

The normalized profit margin fell to 8.6% from 8.6% in the year-earlier period.

Total revenue grew year over year to $1.74 billion from $1.71 billion, and total operating expenses increased year over year to $1.49 billion from $1.46 billion.

Reported net income rose 9.3% year over year to $158.8 million, or 68 cents per share, from $145.3 million, or 57 cents per share.