Century Properties posts decade-high net income

By Brix Lelis

Apr 16, 2024 12:24 am

CENTURY Properties Group Inc. (CPG) on Monday said it had topped pre-pandemic profits as it closed 2023 with a decade-high consolidated net income of P1.86 billion, up 32 percent from P1.4 billion in 2022.

Total revenues were said to have jumped by 14 percent to P12.7 billion, following sustained contributions from the company's first-home residential business, PHirst, which chipped in P7.4 billion — equivalent to 58 percent of the top line.

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