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Century Pacific earnings up 21 percent in first half

STRONG export sales and local demand and favorable tax rates improved Century Pacific Food Inc.'s (CNPF) profit by 21 percent to P2.7 billion in January to June.

The food manufacturer's consolidated revenues for the first half likewise increased by 8 percent to P27 billion amid the 29-percent year-on-year growth of its original equipment manufacturer (OEM) exports business as global markets reopen.