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Century Properties Group 9M 2024 Earnings Up 38% to ₱1.8B Provincial expansion plans in full swing

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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 margin of 47 percent from 45 percent a 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.

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