News Formal

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

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Century Properties Group 9M 2024 Earnings Up 38% to P1.8BListed 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.
Source: manilabulletin - 🏆 25. / 51 Read more »

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.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Salmon named leading Fintech Group Philippines at the World Business Outlook Awards 2024Manila, November 15, 2024 – Salmon, 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.
Source: BusinessMirror - 🏆 19. / 59 Read more »