PepsiCo’s profit decreased by five percent

PepsiCo’s profit fell by 5 percent, in the final three months of the last year, compared to the previous year, due to rising costs, but it was also higher tahn the expectations of the experts.

The company's after tax profit was 1.37 billion USD, its earnings per share was 85 cents. A year ago this figure was 1.43 billion USD and 90 cents per share. The after tax result, excluding the non-recurring items became 1.05 USD, compared to the 90 cents of a year earlier, surpassing the 1.04 dollars expectations of the experts – reports. ProfitLine.hu.