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Century Pacific Food Inc. said profit for the first half of the year reached P2.7 billion, up 21 percent from last year’s P2.23 billion.
Revenues hit P27 billion, up 8 percent from P25 billion, primarily driven by the double-digit growth in the company’s tolling exports business, which was up 29 percent.
“CNPF’s branded revenues were sustained versus last year, registering a 3 percent year-on-year growth, notwithstanding spikes in demand due to strict lockdowns imposed in the first half of 2020,” the company said.
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The company said earnings before interest, taxes, depreciation and amortization is tracking its topline performance at a 9 percent growth.
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