Century Properties Group Reports ₱562.8 Million Net Income in Q3

Century Property Group Inc. (CPG) reports ₱562.8 million net income for the third quarter of 2020, a 66% jump from the same period last year.

Revenue for the quarter is reported at ₱3.7 billion, as compared to ₱3.8 billion last year.

Consolidated revenue year-to-date is reported at ₱8.2 billion, a 16% fall from ₱9.8 billion last year.

Ponciano Carreon Jr., CPG Chief Finance Officer, said “CPG is well-positioned to take on the business challenges in this new normal and navigate through this period while we plan for new launches and continue with our business expansion into our high-margin segments,”

Affordable housing and condominium leasing generated ₱723 million, 66% of combined sales contributions for the year 2020.

Source: ABS-CBN