MANILA, Philippines--Property developer Century Properties Group (CPG) posted a 12-percent growth in first-half net profit to P1.06 billion on higher revenues booked from residential development and property management. For the second quarter alone, CPG posted a net income of P555 million, 14.1 percent higher than the level a year ago. This was on the back of a 9.6 percent year-on-year increase in revenues to P2.69 billion. For the six-month period, revenues went up by 7.2 percent to P5.29 billion. "These strong financial results have allowed the company to grow the business on all fronts. The sustained momentum in residential sales drives the completion and delivery of Century ...
Keep on reading: Century Properties nets P1B for first half of 2013
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