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.
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