Century Tuna maker's earnings jump 9% on higher branded sales
Excerpt
Earnings of Century Pacific Food, Inc. (CNPF) grew by nine percent in 2018, driven by strong sales from its branded food products. In a statement issued Wednesday, the listed firm said consolidated and unaudited earnings stood at P2.8 billion last year. This followed a 15% increase in consolidated revenues to P39.7 billion. Branded products accounted for 75% of the company’s revenues or P29.8 billion, 20% higher year on year. CNPF’s brands include Century Tuna, Argentina, 555, Angel, and Birch Tree. CNPF’s original equipment manufacturer (OEM) unit contributed the remaining 25% of revenues or P9.9 billion. The growth for the unit was much slower at four percent as the company raised prices for its tuna and coconut products.
Citation
Francia, A. B. (2019, March 28). Century Tuna maker's earnings jump 9% on higher branded sales. BusinessWorld, p. S1/4.
Associated content
Online versionCorporate Names
Personal Names
Geographic Names
Collections
- BusinessWorld [807]