Pepsi published its fourth quarter flash report

The Pepsi in its fourth quarterly report, reported about revenues and result per share above the expectations – writes Portfolio.hu. Although the company's sales grew organically, less revenue occured, compared to the period a year ago, due to unfavorable foreign exchange movements.

While Pepsi revenues grew by 5 percent organically in the last quarter of 2014, compared to the same period of the previous year, the company reported about an overall 1 percent decline after the strong dollar reduced the real income growth by six percentage points.

The organic growth was pulled by the emerging and developing regions where teh rate of price rise in revenue was 10 percent, due to the currency effects, however, revenues actually declined by 4 percent (especially due to the Russian and Venezuelan currency collapse). (portfolio.hu)