PepsiAmericas has posted a healthy rise in Q2 profits. The bottler said today (27 July) that net income for the three-month period rose to US$72.6m, or US$0.53 per share, compared to US$61.7m, or US$0.43 per share, for the corresponding period a year earlier.

The increase was credited to a rise in worldwide volume growth of 1.9%, a climb in worldwide average net selling prices of 3.9% and the settlement of the high fructose corn syrup litigation.

For the first half of 2005, the company reported net income of US$93.4m and earnings per share (EPS) of US$0.67. This compares to net income of US$82.2m and EPS of US$0.57 for the first half of 2004.

"The growth and consistency of our performance continued, driven by an improving balance between pricing and volume," said chairman and CEO Robert C. Pohlad. "The second quarter of 2005 marked our fourth consecutive quarter of worldwide volume gains on a constant territory basis and reflects the complimentary strength of our geographies and product portfolio. Volume improvements in Central Europe and the Caribbean combined with strong worldwide pricing drove our top line growth.

"At the midpoint of 2005, we are where we expected to be and that underlying operating trend should continue in the second half," Pohlad added. "Our ongoing business should benefit from a strong marketing calendar, effective execution, and continued focus on productivity. The result should be continued and consistent profit growth."

PepsiAmericas is adding US$0.05 to its full year EPS outlook, and now expects to achieve diluted EPS of US$1.38 to US$1.41 for the full year 2005.