Turnover for the year rose by 7% to around $27 billion, while total division operating profits were up by 11% to $4.8 billion and net income grew by 15% to $3 billion.
US: PepsiCo fourth quarter results hit by merger costs – UPDATE
PepsiCo reported yesterday that costs arising from the US$14bn merger of PepsiCo with Quaker Oats depressed profits by 4.4% in the fourth quarter. Pepsi#;s fourth quarter profits were 37 cents per share, or US$667m. Discounting the impact of merger costs, profits would have climbed 16% to 42 cents per share on a like-for-like basis.