PepsiCo half-year profit up 12.4%

Purchase, New Jersey: PepsiCo has reported a 12.4% increase in half-year net profit to $2.6bn (£1.25bn) on net sales up 9.8% at $16.9bn (£8.1bn). Strong performances from its Frito-Lay snacks operation and its international businesses helped to boost sales, the company said. "All our lines of business performed at or above our expectations, enabling us to generate strong division profit growth while lapping last year's best quarter," said Indra Nooyi, chairman and CEO of PepsiCo.