July 31, 2008 / 12:18 PM / 9 years ago

Cott posts loss as revenue declines

(In U.S. dollars)

OTTAWA, July 31 (Reuters) - Cott Corp (BCB.TO) COT.N, the world’s biggest maker of private label soft drinks, reported a second-quarter loss on Thursday as higher prices were more than offset by a 6.4 percent decline in revenue.

Cott, which said last month it will cut jobs as part of a plan to reduce costs by up to $44 million annually, said it lost $1.8 million, or 3 cents a share, for the period ended June 28. That compares with profit $4.7 million, or 7 cents per share, in the same period last year. ($1=$1.02 Canadian) (Reporting by Susan Taylor; Editing by Scott Anderson)

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