Century Properties Group net income grows to 35 percent

by The Manila Times

May 21, 2024 12:05 am

LISTED real estate developer Century Properties Group Inc. (CPG) maintained its strong performance in the first quarter of 2024 (Q1 2024), reporting a consolidated net income after tax of P410 million, 35 percent higher than P302 million in the same period of 2023 (Q1 2023).

Revenues grew by 7 percent to P3.6 billion in Q1 2024 from P3.3 billion in Q1 2023, driven by the sustained robust contribution of CPG's First-Home Residential Development Platform (PHirst), amounting to P2.1 billion or 58 percent of total revenues.

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