Century Properties nine-month net income up 38%

Century Properties News

Century Properties nine-month net income up 38%
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Antonio-led real estate developer Century Properties Group Inc. on Thursday reported a 38% increase in its net income for the first nine months of the year, as revenues posted double-digit growth owing mainly to robust sales in its first-home residential development segment.In a regulatory filing, Century Properties said its net income after tax climbed to P1.8 billion from P1.3 billion, as revenues rose 11% to P10.8 billion, with the PHirst segment accounting for 64% or P6.9 billion.

“We are committed to sustaining our growth, both organically and through strategic acquisitions and consolidations, as we have consistently done in the past,” he added.Century Properties is primarily engaged in the development, marketing, and sale of mid- and high-rise condominiums and single-detached homes, leasing office space, and property management. It ended 2023 with 38 completed projects.Its subsidiaries include Century Communities Corp., Century City Development Corp.

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