Finance

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.

FY 2014 Unaudited Results Full year net income rose to Php1.57 billion, a 112% increase over the Php744 million in 2013 Total revenues hit Php20.47 billion, an 8% increase from the Php19.02 billion in 2013 Branded revenues grew by 24%, offsetting a 29% revenue drop in the private-label export business. Pricing in private-label export is