Century Pacific profit likely 19% up last year

By Brix Lelis

Feb 26, 2024 12:24 am

CENTURY Pacific Food Inc., the listed subsidiary of the Century Pacific Group (CPG), likely ended 2023 with a double-digit profit growth thanks to a 'solid' fourth-quarter performance aided by improved commodity prices, the Maybank Investment Banking Group said.

Maybank, in a recent report, predicted a top line that would 'fall within the guidance of a high single digit,' anchored on the company's resilient branded business and original equipment manufacturing (OEM) segment's low base.

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