Consolidated sales increased 13 percent to P56.9 billion, led by its exports segment and branded business.
Higher sales and efficient margin management allowed reinvestment in operations to sustain growth. Third-quarter sales and net income mirrored this upward trend, both increasing by 13 and 15 percent, respectively.
Management’s view
“We are grateful to be able to deliver consistent, volume-led growth for the first nine months of 2024. Our operating landscape faced multiple crosswinds—from inflationary pressures straining domestic demand to improving commodities aiding exports recovery,” said Chad Manapat, chief financial officer of CNPF.
“This performance reflects the resilience of CNPF’s diversified business model, which enables us to adapt to varying market conditions,” he added.
