MOSCOW (Thomson Financial) - JSC Lebedyansky said it slipped to a first-quarter net loss of $5.4 million after achieving a year-earlier net profit of $24.2 million, Interfax reported.
Sales in the period reached $245.3 million, up 17 percent year-on-year. PepsiCo Inc and The Pepsi Bottling Group Inc (PBG) agreed in March to acquire a 75.5 percent stake in the company for $1.4 billion in a deal expected to close in the third quarter. alfred.kueppers@thomsonreuters.com amk/am COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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