Pepsi-Cola Products Philippines reports H1 net earnings of 578M Philippine pesos, compared with net earnings of 107M pesos in year-ago period, as sales rise 16% to 11.3B pesos

LOS ANGELES , July 30, 2012 () – Pepsi-Cola Products Philippines Inc. reported first-half net earnings of 578 million Philippine pesos (US$13.8 million), compared with net earnings of 107 million pesos, The Manila Standard reported July 30.

Strong sales of both carbonated and non-carbonated beverages, and lower raw and packaging costs were cited by the company as the main reasons for the earnings increase. Sales rose 16% to 11.3 billion pesos.

Sales costs increased 4% on increased volume and a 32% drop in average sugar prices.

The primary source of this article is The Manila Standard, Manila, Philippines, on July 30, 2012.

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