Pepsi Profit Down 10% in 2014
Pepsi-Cola Products Philippines Inc. (PSE: PIP) said profit sank 10 percent in 2014, citing intensifying competition early in the year and “trickle over” effects from Supertyphoon “Yolanda” that hammered the country in late 2013.
The company said in a stock exchange filing that profit hit PhP810.94 million last year compared with PhP903.47 million posted in 2013.
Source: Philippine Daily Inquirer