Pepsi Q1 income surges by 606%
Philippine Daily Inquirer
MANILA, Philippines—Beverage maker Pepsi Cola Products Philippines Inc. jacked up its first-quarter net profit by 606 percent year on year to P225 million on higher sales volume and lower input costs.
“The company expects to maintain higher profitability throughout 2012 from lower sugar prices, increased marketing efforts and industry growth turnaround,” PCPPI said in a filing.
PCPPI manufactures and sells global brands such as Pepsi-Cola, Mountain Dew, Seven Up, Mirinda, Gatorade and Tropicana.—Doris C. Dumlao
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