Finance

Stock Dividend Date of Approval by Board of Directors: June 3, 2016 Date of Approval by Stockholders: TBA Other Relevant Regulatory Agency, if applicable: N/A Date of Approval by Relevant Regulatory Agency, if applicable: N/A Date of Approval by Securities and Exchange Commission: TBA Stock Dividend Rate: 50% Source of Dividend Payment Unrestricted retained earnings […]

Century Pacific Food, Inc (CNPF), the Philippines’ largest canned food company, is set to make its debut on the MSCI Philippine Small Cap Index, effective May 31, 2016.

The Philippines’ largest canned food company Century Pacific Food, Inc. (PSE: CNPF) reported net profit of Php636 million during the three months ending March 2016. This is 45% higher versus the same period last year, given strong local demand for the Company’s branded products, subdued prices of key raw materials, and the financial consolidation of newly acquired Century Pacific Agricultural Ventures, Inc (CPAVI).

Century Pacific Food, Inc (PSE: CNPF), the Philippines’ largest canned food company, nets Php1.93 billion for the year 2015, up 21% from last year’s Php1.59 billion.

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.

Century Pacific Food, Inc (PSE: CNPF), the largest canned food company in the Philippines, generated an unaudited net income of Php497 million in the second quarter of 2015. This represents a 25% increase over the Php398 million during the same period last year.

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.”