Real Estate Daily Report

Century Properties earns P410M in Q1

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 16 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 92%

Century News

Properties,Earns,P410M

REAL estate developer Century Properties Group Inc. (CPG) on Thursday reported earning P410 million for the first quarter (Q1), up 35 percent from last year's P302 million amid modest topline improvement.

REAL estate developer Century Properties Group Inc. on Thursday reported earning P410 million for the first quarter , up 35 percent from last year's P302 million amid modest topline improvement.Revenues climbed 7 percent to P3.6 billion from P3.3 billion, propelled by the sustained contributions of PHirst, the company's first-home residential development platform.

1 billion in revenues, accounting for the lion's share of the topline at 58 percent.The in-city vertical development and commercial leasing businesses contributed P1.1 billion and P314 million, respectively, while the remainder came from the property management segment, which added P99 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Century Properties net income up 35% in Q1Antonio-led real estate developer Century Properties Group Inc. saw a 35% increase in its Q1 bottom line, attributing it to revenue growth buoyed by its affordable residential unit.
Source: gmanews - 🏆 11. / 68 Read more »