Century Pacific Food Inc. Reports 24% Rise in Net Income

Century Pacific Food Inc. (CNPF), the company behind the brand Century Tuna, reported a 24% rise in net income to ₱3.9 billion in the year 2020.

CNPF’s consolidated revenue reportedly rose by 19% to ₱48.3 billion.

Christopher Po, Century Pacific’s executive chairman, said “We saw robust demand for our branded products all throughout 2020 – beginning with a strong pre-COVID 19 performance, followed by pandemic-related demand spikes, then sustained growth to wrap up the year due largely to the essentials and staples nature of our portfolio,”

Source: ABS-CBN