Finance

The Philippines’ largest canned food company Century Pacific Food, Inc (PSE: CNPF) reported net profit of Php1.5 billion during the nine months ending September 2015. This is 22% higher versus the same period last year, as local demand continued to boost sales for the Company’s branded food products.

Century Pacific Food, Inc (PSE: CNPF), the largest canned food company in the Philippines, generated an unaudited net income of Php497 million in the second quarter of 2015. This represents a 25% increase over the Php398 million during the same period last year.

Century Pacific Food, Inc. (CNPF), the Philippines’ largest canned food company, announces a Php2.7 billion equity placement of approximately 143 million common shares at a price of Php18.75 per share.

Century Pacific Group, Inc. (the “Parent”) received an Exchange Option Notice pursuant to an Exchangeable Loan Agreement (the “Agreement”) made between the Parent and Arran Investment Private Limited (“Arran”) last April 30, 2014.

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For Christopher Po, president and CEO of Century Pacific Food, the idea of going public was highly appealing. “Our company has been growing steadily during the past few years and we’re looking forward for more growth,” he says. “So we feel it was an opportune time to take the steps towards an initial public offering (IPO) since it would provide us with the benefits of raising money from the capital markets – not just debt, but also equity.”

The Initial Public Offering (IPO) of Century Pacific Food, Inc. was named the Philippines’ 2014 Deal of the Year at The Asset’s Triple A Awards.

Canned food manufacturer Century Pacific Food Inc. (CNPF) chalked up a net profit of P1.2 billion in the first nine months, meeting 80 percent of its goal for the full year.

Century Pacific Food Inc. (PSE: CNPF), the Philippines’ largest canned food company, reported a first half net income of Php718 million on the back of strong demand for its products and favorable raw materials costs.

Century Pacific Food Inc. (CNPF), the Philippines’ largest canned food company, reported first quarter revenues of Php 4.5 billion, 21% of its full-year 2014 target.