F&BSGThe Business of F&B.Century Pacific's reported profit falls 11% after earthquake losses
Century Pacific Food's nine-month revenue rose 14% to PHP70.5 billion and core net income gained 10%. Reported net income nevertheless fell 11% to PHP5.2 billion after PHP1.2 billion of non-recurring earthquake losses, with insurance recoveries expected later.
What happened
Century Pacific Food's nine-month revenue rose 14% to PHP70.5 billion and core net income gained 10%. Reported net income nevertheless fell 11% to PHP5.2 billion after PHP1.2 billion of non-recurring earthquake losses, with insurance recoveries expected later.
Source and editorial note
This is F&BSG’s summary of reporting by Century Pacific Food / Philstar. Read the original source for the full context and any subsequent updates.
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