Pepsi Franchise Performs Promisingly Over First Half

PepsiCo franchise bottler Seven-Up Bottling Company (SBC) has reported promising first half (to September 30 2009) earnings, particularly in turnover growth. Pre-tax income increased 2% year-on-year (y-o-y) to NGN1bn (US$6.66mn) while turnover increased 17% y-o-y to NGN17.85bn. Although it plays second fiddle to Greece-based bottling giant Coca-Cola Hellenic's (CCH) Nigerian unit Nigerian Bottling Company (NBC), BMI believes that SBC is still well enough placed to continue pursuing expansion and take advantage of likely industry strengthening over the coming

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