KAIN Po, the flagship feeding program of the Century Pacific Group – RSPo Foundation, marked the delivery of its 15 millionth meal in a joint event with Move.Org Foundation. During the event held last month, students from the MovEd Pre School in Pasig City welcomed CPG-RSP founder Ricardo S. Po, members of his family, and guests as they celebrated KAIN Po’s major milestone.
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.
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.”