Cork cola firm lacking fizz as revenues fall 16%

Revenues at the Cork arm of soft-drink giant PepsiCo decreased by 16% with lower volumes of Pepsi cola concentrate shipped out of the region last year.

Accounts filed with the Companies Office by Pepsi-Cola International Cork show it paid corporation tax of $1.37m (€1.2m) in 2017, while revenues fell to $1.75bn (€1.53bn).