Sales Up by 13% Due to Continued OEM Recovery and Branded Resilience Net Income Improves by 14% Year-on-Year Details here
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OEM Exports Recover and Branded Delivers Consistent Performance Amid Inflationary Pressures
Net Income increases by 15% year-on-year
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Net Income Up by 12%, Revenues Rise by 8% Fueled by Double-Digit Growth in Branded Business Audited revenues amounted to Php 67.1 billion, expanding by 8% year-on-year from a high 2022 base, driven by the resilience of the Branded business. The Branded segment bolstered topline with a year-on-year (YoY) growth rate of 11%, offsetting the
Century Pacific Delivers Profitable Growth in 2023 Amid Headwinds from Inflation Read More »
Year-to-date consolidated revenues were up by 7% year-on-year, driven by the Branded Business which grew by 12%. Branded sales sustained growth momentum in 3Q23 with an increase of 14% compared to the same period last year, leading CNPF topline to grow by 7% for the period. Gross margins continued to demonstrate a sequential improvement in
Century Pacific Food, Inc. (PSE:CNPF), one of the leading branded food and beverage manufacturers in the Philippines
Earnings before interest, taxes, depreciation, and amortization (EBITDA) as a percentage of sales was sustained at 14.7%, modestly improving by 20 basis points year-on-year, on the back of optimized OPEX spending. As expected, gross margin contracted to 23.6%, due to the inventory carryover from 2022, but efficient operations led to a sustained net profit margin
Based on 2022 preliminary unaudited results, CNPF achieved revenue growth of 14% year-on-year. The Branded segment outperformed, delivering a 16% increase versus the prior year driven by resilient domestic demand for value-for-money goods. Gross margin was largely sustained at 23.1%. Net income reached Php 5.0 billion, a 6% growth rate versus 2021. Century Pacific Food,
Century Pacific Food, Inc. (PSE:CNPF), one of the leading branded food and beverage companies in the Philippines, posted a 13% topline growth […]
Century Pacific Food, Inc. (PSE: CNPF), one of the largest branded food companies in the Philippines, was once again recognized as an Honored Company in the Institutional Investor’s (II) 2022 All-Asia Executive Team survey. This year, CNPF ranked third overall among all Asia ex-China consumer staples companies and was recognized in multiple award categories within
1H22 revenues up by 15% versus the same period last year as CNPF accelerated in 2Q22 with a 20% topline increase year-on-year. 2Q22 Branded business resilient at 19% revenue growth compared to 2Q21, while OEM exports rebounded at 25% increase versus the same period last year. Input prices still elevated but select major raw material
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