STRONG revenue growth propelled Century Properties Group Inc.’s (CPG) nine-month net income by 81 percent to P1.2 billion from P661 million in 2018. Consolidated revenues for the period, the listed firm said in a disclosure on Tuesday, soared by 36 percent to P9.8 billion from P7.2 billion a year ago. “CPG’s strong 9 months performance is the result of management’s strategy to diversify its business segments,” said Marco Antonio, Century Properties president and chief executive officer. In the first nine months, CPG completed Roxas West tower, Starck tower, Bahamas tower and PHirst Park Homes Tanza. “We expect to sustain the company’s strong performance in the coming months, which will be supported by our upcoming project completions and the pipeline that is aligned with our diversification strategy,” Century Properties Chief Finance Officer Ponciano Carreon Jr. said.

Source: Manila Times November 12, 2019 18:01 UTC