CNPF edges up in 2Q23 on the back of a resilient Branded business; Sales rise 9% and profits improve 10% year-on-year
Century Pacific Food, Inc. (PSE:CNPF), one of the leading branded food and beverage manufacturers in the Philippines
Finance
CNPF delivers resilient growth despite a high base and inflationary pressures in 1Q23; Revenues increase by 6% and EBITDA improves by 7% year-on-year
Earnings before interest, taxes, depreciation, and amortization (EBITDA) as a percentage of sales was sustained at 14.7%, modestly improving by 20 basis points year-on-year, on the back of optimized OPEX spending. As expected, gross margin contracted to 23.6%, due to the inventory carryover from 2022, but efficient operations led to a sustained net profit margin
Century Pacific continues growth momentum in 2022 despite market challenges; Delivers 14% topline and 6% profit growth
Based on 2022 preliminary unaudited results, CNPF achieved revenue growth of 14% year-on-year. The Branded segment outperformed, delivering a 16% increase versus the prior year driven by resilient domestic demand for value-for-money goods. Gross margin was largely sustained at 23.1%. Net income reached Php 5.0 billion, a 6% growth rate versus 2021. Century Pacific Food,
CNPF sustains double-digit sales momentum in 3Q22 led by the Branded segment as demand for affordable staples remains resilient
Century Pacific Food, Inc. (PSE:CNPF), one of the leading branded food and beverage companies in the Philippines, posted a 13% topline growth […]
Century Pacific Honored as One of the Best Consumer Staples Companies in Asia Ex-China by Institutional Investor
Century Pacific Food, Inc. (PSE: CNPF), one of the largest branded food companies in the Philippines, was once again recognized as an Honored Company in the Institutional Investor’s (II) 2022 All-Asia Executive Team survey. This year, CNPF ranked third overall among all Asia ex-China consumer staples companies and was recognized in multiple award categories within
CNPF posts robust double-digit topline growth in 1H22, Led by Branded businesses Milk, Marine, and Meat
1H22 revenues up by 15% versus the same period last year as CNPF accelerated in 2Q22 with a 20% topline increase year-on-year. 2Q22 Branded business resilient at 19% revenue growth compared to 2Q21, while OEM exports rebounded at 25% increase versus the same period last year. Input prices still elevated but select major raw material
Century Pacific’s First Quarter Earnings Rise By 10%, Revenues Register 10% Growth On The Back Of Resilient Branded Business
CNPF posts 10% top and bottomline growth in 1Q22 versus the same period last year Branded segment sales outperformed, posting double-digit growth driven by the Company’s value for money brands and the essentials and staples nature of its portfolio EBITDA clocked in a 15% growth year-on-year Century Pacific Food, Inc. (PSE: CNPF), one of the
CNPF posts a strong finish in 2021; Revenues up 13%, Earnings climb 20%
Century Pacific Food, Inc. (PSE:CNPF), one of the Philippines’ leading branded food and beverage companies, posts a strong finish in 2021, registering another year of strong growth in spite of an extraordinary performance back in 2020.
CNPF posts a strong finish in 2021; Revenues up 13%, Earnings climb 20% Read More »
Century Pacific Acquires ‘LIGO’, A Leading Brand In The Sardine Category
Century Pacific Food, Inc. (PSE:CNPF), one of the leading branded food and beverage companies in the Philippines, announced today the acquisition of ‘Ligo’, a legacy brand known for its range of high quality sardines and other marine products. Under the deal, CNPF will purchase assets and intellectual property related to the manufacturing of ‘Ligo’s’ product
Century Pacific Acquires ‘LIGO’, A Leading Brand In The Sardine Category Read More »
CNPF accelerates in the third quarter, Posts double-digit YTD growth for both top and bottomline
● Net income growth in 3Q at 22%, resulting in a YTD bottomline increase of 21% ● YTD revenues up by 12% YOY as 3Q topline hits 21% growth ● Enters the Pet Food category and expands Dairy portfolio through new brand launches Century Pacific Food, Inc. (PSE:CNPF), one of the Philippines’ leading branded food
