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PepsiCo H1 net revenue increases

DBR Staff Writer Published 25 July 2013

PepsiCo has reported net revenues of $29.4bn, an increase of 2%, in the first half (H1) of 2013 compared to net revenues of $28.9bn during the same period in 2012.

The soft drink giant has posted a 2% increase in net revenues in the second quarter (Q2) of 2013 to $16.8bn compared to net sales of $16.46bn in the same period in 2012.

Operating profit in the first half was $4.5bn, up by 10%, compared to operating profit of $4.09bn in the comparable period last year.

For Q2, the operating profit was $2.9bn, an increase of 21%, as against the operating profit of $2.4bn in the prior year period.

PepsiCo's first half net income was $3.08bn, an 18% increase, as against the net income of $2.6bn in the same period last year.

Second quarter net income was $2.01bn, up by 35%, as against the $1.5bn in the same period in 2012.

PepsiCo chairman and CEO Indra Nooyi said that the growth in its revenue was driven by the company's food and beverage product portfolio and global geographic footprint.

"We continue to invest in advertising and marketing, innovation, and other marketplace initiatives to sustain our organic revenue growth and we are driving a robust productivity agenda that serves as a funding source for these investments," Nooyi added.

"Our results in the first half give us even greater confidence in achieving our financial goals for the full year."