Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Century Pacific Foods earns P1.5B

CENTURY Pacific Food, Inc. (CNPF) reported on Wednesday a 6.4% rise in attributable net income to P1.5 billion in the third quarter from P1.41 billion a year ago.

“Entering the year, we are mindful of the challenges ahead — from supply constraints in one of our business units to macroeconomic headwinds and the carryover inventory from 2022,” said CNPF Chief Finance Officer Richard Kristoffer S. Manapat said in a press release.

During the first quarter, the company reported a 13% increase in consolidated revenues to P15.6 billion “despite high bases set during the pandemic.”

The majority of the company’s topline figure is contributed by marine, meat, milk, and other emerging segments such as pet food, coconut, and plant-based alternatives. Revenues from the branded business segment grew by 7% year on year.

Earnings before interest, taxes, depreciation, and amortization increased by 7.7% to P2.3 billion.

The company’s original equipment manufacturer export business inched up 1% to P2.6 billion compared to its previous record.

“Despite inflationary pressures, net profit margin was sustained at P9.6%. CNPF saw strong cashflow generation for the period with operating cashflows amounting to P1.9 billion,” the company said.

On Wednesday, shares in Century Pacific Food went up 20 centavos or 0.77% to close at P26.20 each. — S. J. Talavera

You May Also Like

Editor's Pick

THE BOARD of directors of Ayala-led ACEN Corp. has approved the availing of credit facilities amounting to about P7.8 billion from two financial institutions....

Editor's Pick

STOCK PHOTO Image by StockSnap from Pixabay HYDERABAD – When Saloni Singh was little, she would beg then brawl with her brother for a turn on...

Editor's Pick

MPIC Metro Pacific Investments Corp. (MPIC) reported on Wednesday a consolidated core net income of P4.3 billion in the first quarter, up 38% from...

Editor's Pick

A VIEW of Makati City at night from across the Pasig River in Guadalupe, taken in May, 2020. — PHILIPPINE STAR/ MIGUEL DE GUZMAN...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.