The Board of Directors of Pepsi-Cola Products Philippines Inc. (PCPPI) held its Annual Stockholders’ Meeting recently in Muntinlupa City and declared an annual dividend of Php0.069 per share to all stockholders of record of PCPPI, payable on 14 June 2017.
PCPPI expects to pay total cash dividends amounting to Php255 million representing approximately 30% of its net income after tax in 2016. The company also declared cash dividends last year at 30% of its 2015 net income after tax.
“We are proud with what we accomplished in 2016 despite a challenging operating environment. With our strong workforce, dedicated Management team, and workforce, we hope to continue providing returns to shareholders while funding the business for future growth,” shares PCPPI President Mr. Samudra Bhattacharya.
PCPPI ended 2016 with strong results – delivering P35.8 billion in sales revenue, showing an 11% growth compared to 2015. Company gross profit stands at P6.9 billion, representing an 8% growth year-on-year.