PepsiCo's net profit increased 2.6 times in 2018


PepsiCo, an American manufacturer of soft drinks, reported on the results of the fourth quarter and the total 2018. According to a quarterly report, the company recorded a net profit of $6 billion 850 million, while a year earlier it reported a loss of $710 million. The amount of one-time income from tax breaks in the amount of 5 billion 300 million dollars exceeded last year's write-offs in the amount of $2.5 billion more than 2 times during the earnings period due to tax reform. Quarterly revenue was at last year’s level, while its organic growth was 4.6%. In 2018, net profit amounted to 12 billion 515 million dollars, an increase 2.6 times. Revenue of 64 billion 660 million dollars showed an increase by 2%.

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