Food

8 May 2024

4:04PM

Ramon Ang-led San Miguel Food and Beverage reports modest growth in Q1 2024

San Miguel Food and Beverage Inc. (SMFB), maker of Purefoods hotdogs and San Miguel Beer, announced a modest increase in earnings during the first quarter of the year, with net income rising by 1 percent to P10 billion while revenues grew 2 percent to P95.4 billion.

8 May 2024

3:14PM

Century Pacific Food grows first quarter net income by 15%

By: Miguel R. Camus

The Po family’s Century Pacific Food (CNPF) closed the first quarter of 2024 with a 15 percent increase in profits to P1.7 billion, driven by faster revenue growth and improving margins.

3 May 2024

4:07PM

URC net income rises 21%: higher volumes and forex gains drive growth

By: Miguel R. Camus

Food and drinks giant Universal Robina Corporation (URC) reported a significant growth in net income to P4.4 billion, an increase of 21 percent, driven by a combination of higher operating income and favorable foreign exchange gains.

17 Apr 2024

11:04AM

Fruitas Holdings completes P200 million debut notes sale

By: Miguel R. Camus

Food kiosk king Lester Yu’s Fruitas Holdings bolstered its resources for expansion after successfully raising P200 million from its first ever sale of corporate notes.

16 Apr 2024

11:55AM

Fruitas Holdings sees record revenue and expansion in 2023

By: Miguel R. Camus

Food kiosk king Lester Yu’s Fruitas Holdings saw profits jump 37 percent to P113 million while revenues soared to a historic high of P2.5 billion, an increase of 37 percent.

8 Apr 2024

2:11PM

Century Pacific marks profitable 2023 with P5.6B net income

By: Miguel R. Camus

The Po family’s Century Pacific Food Inc. (CNPF) defied inflationary pressures to end 2023 with a net income of P5.6 billion, an increase of 12 percent. Revenues also rose 8 percent to P67.1 billion.