Sunday 21 January
Powered by Ajaxy
Apr 13, 2016 @ 7:39

Pepsi Philippines posts flat earnings in 2015


PROFIT of Pepsi-Cola Products Philippines, Inc. (PCPPI) was flat last year as high sugar prices in the second semester and start-up expenses to commence its snacks manufacturing operations tempered earnings growth.

In a disclosure, PCPPI said it netted P812.08 million last year, up slightly from the P810.94 million in 2014.

“Despite a sluggish industry growth and a very steep increase in sugar prices in the second half of the year, we still managed to grow our beverage profits for the full year,” PCPPI President Kurgan Ahmed Syed was quoted in a statement as saying.

Tags: , , , ,

Related Stories
The local stock market ended 2017 in a party mood, racking up 25.1 percent to
HIGH sugar prices and costs related to the start of its snacks manufacturing operations
Robert Mercer, the billionaire president of Renaissance Technologies and major supporter of President Donald Trump,
Said to be America’s richest doctor, Los Angeles multibillionaire Patrick Soon-Shiong also is a medical

Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo -