THE listed Philippine real estate firm Century Properties Group (CPG) posted P205 million in net income for the first quarter of 2021, buoyed by the continued strong performance of its horizontal affordable housing business.

The company posted consolidated revenues of P2 billion, down by 26 percent from last year due to the impact of government restrictions in view of the persisting coronavirus health crisis. The multiple lockdowns caused a slowdown in sales, collections and construction activities for the company's in-city vertical projects.