Pepsi-Cola Products Philippines Inc. (PCPPI) has recorded a slight increase in net income for the first nine months on higher production volume and sales.
In a statement, PCPPI said its nine-month gross profit rose 4 percent on-year to P4.6 billion on higher sales.
Gross sales from January to September increased 13 percent to P22 billion on higher production.
For the third quarter alone, PCPPI recorded a 13-percent net income growth to P139 million on strong revenue growth.
“We are pleased to have sustained our strong growth momentum in the third quarter. This was achieved by bringing in more exciting consumer offerings for our Filipino consumers, building our distribution footprint and sustaining our investments in operating capability development,” said PCPPI President Furqan Ahmed Syed.
“Sustained investments in manufacturing, marketing and distribution assets paved the way for the company’s topline performance,” said Jika Dalupan, PCPPI vice president for Corporate Affairs and Communications.
The company said its Tanauan plant, which was affected by Typhoon Yolanda
last year, is still undergoing rehabilitation.
PCPPI has opened its 12th manufacturing plant in Santo Tomas, Batangas in October. The P1.1-billion Batangas plant, built on a seven-hectare property, has been operating two bottling lines that serve over 40,000 outlets in the Southern Tagalog Region.
“Our new plant represents our renewed commitment in bringing everyday refreshments to the people of the Calabarzon and Mimaropa region. We are excited about the employment and livelihood opportunities that this expansion will bring to local communities,” Dalupan said.
Incorporated in 1989, PCPPI is engaged in the manufacture, sale and distribution of carbonated and non-carbonated beverages such as Pepsi-Cola, 7Up, Mountain Dew, Mirinda, Mug, Gatorade, Lipton, Tropicana/Twister, Propel and Sting.