Coca-Cola (ASX:CCL) pays out dividend, but what’s the catch?

Coca-Cola Amatil Ltd (ASX: CCL) has reported a 52% drop in statutory net profit after tax (NPAT) in its full-year results.

The company on Thursday morning revealed a $179.9 million statutory NPAT for the year ending 31 December. The big fall from $374.4 million in 2019 was attributed to impairments to its Indonesian, Fijian and Samoan arms.

“While our Indonesian business continued to face challenging trading conditions, contributed to by COVID-19 infection rates remaining high… it was able to deliver positive EBIT and a strong cash flow for the year,” said managing director Alison Watkins.

Excluding the impairments, the ongoing NPAT for 2020 of $340.3 million was still 13.6% lower compared to 2019.

Trading revenue (down…