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US: PepsiCo net income rises by 14% in first quarter

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Food and soft drinks conglomerate, PepsiCo Inc., reported a 14% rise in first quarter income to US$651m, against $570m last year. The company's largest divisions, Frito-Lay and Pepsi-Cola, were said to have performed particularly strongly. Group sales rose by 8.5% to US$5.1 billion from last year's restated figure of US$4.7 billion.


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