GM posts $898 mn Q4 net profit
Associated Press : Fri Feb 15 2013, 01:00 hrs
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GM posts $898 mn Q4 net profit
DETROIT: General Motors made money in North America and Asia and lost a bundle in Europe as it nearly doubled last year's fourth-quarter profit.
The biggest US automaker reported net income of $898 million, compared with $468 million, a year earlier. Revenue grew 3 per cent to $39.3 billion.
Pepsi Q4 net profit up 17%
NEW YORK: PepsiCo's net income rose 17 per cent in the fourth quarter on higher prices and strength in Latin America.
For the period that ended December 29, PepsiCo Inc. earned $1.66 billion. That's compared with $1.42 billion a year ago. Revenue dipped 1 per cent to $20 billion from $20.2 billion, hurt in part by a stronger dollar.
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