Daily Archives: September 30, 2016

PepsiCo’s Q3 profit rise despite revenue decline

PepsiCo, the soft drinks giant said on Thursday that third-quarter net profits rose 274% to $1.99bn, from $533m in the previous year. The maker of Mountain Dew, Pepsi, and Frito-lay among others said that 2015 results were weighed down by a $1.36bn Venezuelan impairment charge.