US snack and soft drinks giant today [Friday] said it had finished the year with a strong fourth-quarter performance across all its business segments. The company said that each of its operating divisions posted solid top line growth, and total division operating profits increased by 10%.
Revenue for the fourth quarter grew 9% to US$8.8bn. For the full year, division revenue increased 8% to US$29.3bn, largely driven by volume gains, positive mix and favourable foreign exchange. A net improvement in foreign exchange rates contributed almost two percentage points of revenue growth in both the fourth quarter and full year.