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Published January 9, 2021, 5:00 AM
Filipino-owned Century Pacific Food Inc., the Philippines largest canned food manufacturer and leading producer in ASEAN, is looking at P50 billion in revenues this year with conservative growth target of 10 percent, lower than the expected phenomenal 20 percent growth in 2020.
Company COO and EVP Gregory Banzon revealed this during a media roundtable that they project a conservative growth of 10 percent this year from a dramatic 20 percent this year as the company anticipates some headwinds this year due to the challenges from the COVID-19 pandemic that continue to haunt businesses. On a typical year, he said, they would normally set a 12-15 percent growth guidance.