Pepsi-Cola Products Philippines Inc. (PCPPI) is optimistic of a recovery this year after a challenging 2020.
Frederick Ong, PCPPI president, cited the company’s “promising first quarter 2021 figures,” with net operating profit before tax P144 million above target and net operating cash flow P191 million, which he called “firm and strong numbers.”
The figure comes from the company’s 2020 numbers of P34.6 billion in revenues, P5.2 billion in gross profit, and P1.9 billion earnings before interest, taxes, depreciation and amortization.
“The company credited its good financial standing to its ability to deliver planned projects with managed resources. The company improved line productivity and efficiency, hence, they controlled their fixed costs down to 33 percent by the end of 2020,” Ong said.
“Gatorade maintained its leadership and Sting grew its share. PCPPI also successfully launched Mountain Dew Ice last year, and Pepsi Go early this year,” he added.
Ong said PCPPI secured 10 new corporate accounts last year “despite many food businesses and restaurants scaling down in 2020.”
