Century Properties Group net income surges 32%

by The Manila Times

Apr 19, 2024 12:27 am

CENTURY Properties Group Inc. (CPG) capped its 2023 operations with a strong performance, reporting a consolidated net income after tax (NIAT) of P1.86 billion, 32 percent higher than P1.40 billion in 2022. This NIAT level is a 10-year high and has surpassed the pre-pandemic performance of CPG.

Revenues grew by 14 percent to P12.7 billion, driven by the sustained stronger contribution of CPG's First-Home Residential Development Platform (PHirst), amounting to P7.40 billion or 58 percent of total revenues.

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