Century Pacific Food, Inc. (PSE: CNPF) is making inroads into the domestic coconut market with the recent introduction of Coco Mama Fresh Gata – a branded coconut product meant to help ease household cooking.
It’s the long-running joke about family-owned and managed corporations among wealth managers: The first generation makes it, the second generation spends it while the third generation blows it.
Companies like the SM Group, Century Pacific Food Inc., Lucio Tan Group and Bounty Fresh Food Inc., however, are determined to not be a punch line in Philippine corporate history.
Century Pacific Food Inc (CNPF), one of the Philippines’ leading food companies, saw consolidated revenues reach Php9.7 billion, an increase of 11% year-on-year during the first three months of 2019. The sustained double-digit growth was driven by the continued outperformance of CNPF’s branded businesses’ sales which grew by 20% versus same period last year.