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%.
Tesla surges 20%, gets boost from Panasonic’s quarterly profit increase03.02.2020
China’s industry reports first profit decline in 4 years08.01.2020
Samsung Electronics says profit may fall less slightly than analyst expectations27.11.2019
HP Inc reports higher PC sales, beats profit estimates