Tuesday, April 24, 2007

PepsiAmericas posts higher quarterly profit

(Reuters) - April 24 - PepsiAmericas Inc. , the No. 2 bottler of Pepsi drinks, reported a higher first-quarter profit, helped mainly by the acquisition of bottling operations in Central Europe. Revenue rose about 13 percent to $960.2 million, on volume and pricing gains in both the United States and Central Europe.

Net income rose to $20.6 million, or 16 cents a share, compared with $14.1 million, or 11 cents a share, a year earlier, the manufacturer, seller and distributor of PepsiCo beverages said.


Read more at Reuters.com Market News

No comments: