Two companies under the Century Pacific Group won prestigious awards from leading international publication FinanceAsia during its 2018 Asia’s Best Managed Companies survey.
Century Pacific Food was named the Philippines’ Best Mid-Cap Company for the second year in a row, while Shakey’s Pizza was named the Best Small-Cap Company in the country.
The awards, now on its 18th year, provide an in-depth analysis of Asia’s listed companies, their investor relations, commitment to corporate governance, and commitment to social responsibility.
CNPF also placed third among local companies that are best at investor relations.
“We are honored by these recognitions, and are humbled by the support, trust, and confidence accorded to our group. We consider these an affirmation of investors’ belief in our strategies and in our management teams’ ability to execute,” said CPG president Christopher Po.
FinanceAsia winners were selected after a poll of 140 fund managers and buy-side analysts who expressed their views about the region’s leading corporations and sectors.
“These awards inspire us to strive even harder to grow our companies and pursue a long-term vision that will hopefully reap more returns to our stakeholders,” added Po.
The Po family-owned Century Pacific Group holds majority stakes of 69 percent and 53 percent in CNPF and Shakey’s Pizza, respectively.
CNPF is the Philippines’ largest canned food company. It debuted on the Philippine Stock Exchange in 2014. Since then, it has achieved a compounded annual net income growth rate of 17% and has strengthened its market leading position in the canned fish and canned meat segments locally.
The company behind household names Century Tuna, Argentina and 555, has also been increasing its presence in canned and powdered milk with emerging brands Angel and Birch Tree.