Finance

CNPF Earnings Gain Momentum in the Third Quarter, Branded Business Sustains Resilient Performance

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 …

CNPF Earnings Gain Momentum in the Third Quarter, Branded Business Sustains Resilient Performance Read More »

CNPF delivers resilient growth despite a high base and inflationary pressures in 1Q23; Revenues increase by 6% and EBITDA improves by 7% year-on-year

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 …

CNPF delivers resilient growth despite a high base and inflationary pressures in 1Q23; Revenues increase by 6% and EBITDA improves by 7% year-on-year Read More »

Century Pacific continues growth momentum in 2022 despite market challenges; Delivers 14% topline and 6% profit growth

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 continues growth momentum in 2022 despite market challenges; Delivers 14% topline and 6% profit growth Read More »

Century Pacific Honored as One of the Best Consumer Staples Companies in Asia Ex-China by Institutional Investor

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 …

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CNPF posts robust double-digit topline growth in 1H22, Led by Branded businesses Milk, Marine, and Meat

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 …

CNPF posts robust double-digit topline growth in 1H22, Led by Branded businesses Milk, Marine, and Meat Read More »

Century Pacific’s First Quarter Earnings Rise By 10%, Revenues Register 10% Growth On The Back Of Resilient Branded Business

CNPF posts 10% top and bottomline growth in 1Q22 versus the same period last year Branded segment sales outperformed, posting double-digit growth driven by the Company’s value for money brands and the essentials and staples nature of its portfolio EBITDA clocked in a 15% growth year-on-year Century Pacific Food, Inc. (PSE: CNPF), one of the …

Century Pacific’s First Quarter Earnings Rise By 10%, Revenues Register 10% Growth On The Back Of Resilient Branded Business Read More »

Century Pacific Acquires ‘LIGO’, A Leading Brand In The Sardine Category

Century Pacific Food, Inc. (PSE:CNPF), one of the leading branded food and beverage companies in the Philippines, announced today the acquisition of ‘Ligo’, a legacy brand known for its range of high quality sardines and other marine products. Under the deal, CNPF will purchase assets and intellectual property related to the manufacturing of ‘Ligo’s’ product …

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