American PepsiCo, the world's second-largest producer of soft drinks, in the second quarter reduced its net profit by 14% year-on-year to 1 billion 820 million dollars. Excluding one-time factors, profit was 1 dollar 61 cents per share, while the analysts had predicted 1 dollar 53 cents per share. Revenues grew by 2% to $16 billion 90 million. Experts had expected the figure at $16 billion. The North American division, which produces food, increased its revenue by 4%. Revenues of the American unit, which produces drinks, decreased by 1%. In Europe and Central Africa, revenue growth was 11%, in Latin America - 1%. Revenues in Asia, the Middle East and North America declined by 2%.