Minneapolis-based PepsiAmericas Inc., the second largest Pepsi bottler in the US, reported an 83% rise in first quarter profits. The company posted a profit of US$23.4m for the first quarter of 2002, against US$12.8m in the corresponding period a year earlier. The first quarter results, founded on strong volume growth, were in line with analysts' forecasts. The company said it expects earnings growth for 2002 of between 7% and 10%.