News Formal

Century Properties Group 9M 2024 Earnings Up 38% to P1.8B

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Listed real estate developer Century Properties Group Inc. (CPG) is on track to meet its full-year financial targets, reporting a consolidated net income after tax (NIAT) of P1.8 billion for the first nine months of 2024, a 38 percent increase from P1.3 billion in the same period last year.

Listed real estate developer Century Properties Group Inc. is on track to meet its full-year financial targets, reporting a consolidated net income after tax of P1.8 billion for the first nine months of 2024, a 38 percent increase from P1.3 billion in the same period last year.

CPG also posted a 31 percent increase in EBITDA, reaching P3.4 billion for 9M 2024, up from P2.6 billion in 9M 2023. This growth is attributed to a higher gross profit margina year ago, because of the sustained revenue contribution of its high-margin PHirst platform, combined with enhanced operational efficiencies, cost optimization, and higher interest income from placements in fixed-income securities.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 25. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

PIMS 2024: Five units of Honda Civic Type R Group A available for PH marketPriced at P4.5 million each
La source: TopGearPh - 🏆 21. / 53 Lire la suite »

Salmon named Leading Fintech Group PH at World Business Outlook Awards 2024SALMON, the fintech leader driving financial inclusion in Southeast Asia, has been recognized as the Leading Fintech Group Philippines at the esteemed World Business Outlook Awards 2024. This accolade highlights Salmon's ongoing innovation and dedication to modernizing the financial services sector in the Philippines.
La source: TheManilaTimes - 🏆 2. / 92 Lire la suite »