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CNPF earnings continue to grow amid pandemic

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Century Pacific Food, Inc., one of the Philippines’ leading branded food and beverage companies, reported a 20 percent growth in unaudited net income to P4.7 billion last year on the back of a robust topline performance and favorable income tax rates.

In a disclosure to the Philippine Stock Exchange, the firm said unaudited consolidated revenues continue to reach highs with sales landing at P54.7 billion, clocking in a growth of 13 percent in spite of an extraordinary performance back in 2020.“We’ve been graced with two consecutive years of extraordinary performance, receiving our fair share of silver linings along the way,” said CNPF Executive Chairman Christopher Po.

“We continued to see strong revenue growth in the first quarter but significant uncertainty lies ahead. We will continue to play the long game and invest in the business. At the same time, our team has plans in place to mitigate the new risks that emerged and still aim to deliver decent business results,” he added.

OEM exports increased by 29 percent year-on-year, which CNPF attributes to the global economic reopening and higher demand for healthier products.

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Lahat ng bilihin tumaas ang presyo. Yung sweldo lang ng mga ordinaryong mamamayan ang hindi. Saan aabot ang 2K mo sa grocery? Walang nagbabantay eh

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