U.S. PepsiCo Inc., one of the world’s largest producers of soft drinks, reported the net loss in Q4 2017, writing off $2.5 bln due to U.S. tax reform.
As reported in the company’s press release, in October-December, its net profit was $710 mln versus the net profit, amounting to $1.4 bln for the same period of the previous year, Interfax-Ukraine reports.
Not taking into account one-off factors, the profit was $1.31 per share versus $1.2 per shares in the last year. The consensus forecast of experts, surveyed by The Wall Street Journal, provided this indicator at $1.3 per share.
The quarter profit of PepsiCo was $19.5 bln, remaining at the level of the same quarter of previous year; however, it surpassed the average market forecast at $19.4 bln.
The organic growth of proceeds (not taking into account currency differences as well as acquisition and sale of assets) was observed in all segments of company’s business, except for its soft drink producing unit in North America.
