Pepsi Cola PH H1 net income grows 17% to P560M

Pepsi-Cola Products Philippines Inc. (PCPPI), the Philippine bottler of global food and beverage firm PepsiCo Inc., saw its first half net income grow by 17 percent year-on-year to P560 million from P479 million on the back of higher sales.

The local bottler’s gross revenues likewise climbed 9 percent to P16 billion from P14.5 billion a year earlier on strong growth across its product offerings. For the second quarter alone, the company recorded a 7-percent increase to P368 million from P344 million the same time last year.