The publicly-listed maker of Century Tuna and Argentina corned beef saw revenues during the period climb 16 percent to P18.2 billion, propelled by the growth of its branded food and export segments.
Moreover, the company saw a gross margin improvement of 250 basis points to 26.1 percent, reflecting easing cost pressures.
“The all-weather business model and diversified portfolio of Century played a significant role in enabling us to deliver decent results for the period,” he added.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
