Century Pacific Food profit up 9%

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Po family-led Century Pacific Food Inc. (CNPF), one of the country’s leading food and beverage companies, improved its first semester net profit by 9 percent to P3 billion as branded seafood, meat and milk businesses all gained ground from last year.

For the second quarter, CNPF’s net profit grew nearly 8 percent, driven by the 20-percent jump in net revenues to P16.3 billion.

“We are grateful for the continued upbeat business results, despite turbulent operating conditions. Entering the second half of the year, we are seeing some respite as cost pressures begin to ease for some inputs like tuna, packaging and freight. We are still pursuing a mid-teens topline growth for the year,”…

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