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Century Properties wins 2 major industry awards

Century Properties Group Inc. continues to build upward traction in the property industry and has received major recognitions from two industry award-giving bodies: Corporate Governance Asia and BCI Asia.

This month, Century Properties was chosen as one of the Most Promising Companies on Corporate Governance by Corporate Governance Asia 2013.

Century accepted the said award at the ninth Corporate Governance Asia Annual Recognition Awards 2013 on June 25 for being one of the recognized companies in the region that are following the path of good corporate governance, adopting measures to raise corporate governance standards in the strong belief that best corporate practices are good for business.

This recognition follows the BCI Asia Award that Century received on May 26 as one of the Top 10 Developers in the Philippines for 2013.

The BCI Asia Top 10 Awards provides an overview of the regional building and construction industry by recognizing the top developers that had the greatest impact on the built environment in Southeast Asia.

In the Philippines, Century Properties had contributed relevant and innovative property developments for 27 years.

“We are honored to receive these two recognitions by our peers in the industry. We at Century Properties have always believed that we continue to be blessed and humbled by these achievements because of consistent hard work and determination, and our passion to continuously push the envelope in Philippine real еstatе development,” said Jose Antonio, Executive Chairman of the Board Century Properties.

“Century has maintained its upward trajectory in terms of sales performance, a 27-year track record of project delivery, and innovative development concepts. And we shall continue to do so as we work towards our growth as an organization that adheres to the highest standards of business practices,” he said.

Century announced financial results for the quarter ended March 31, with total revenues of P2.6 billion in the first quarter of 2013, representing a five percent increase over the first quarter 2012 revenues of P2.5 billion.

Net income, on the other hand, amounted to P501 million in the first quarter of the year, up 10 percent from P454 million in the same period last year.

Source: The Daily Tribune | June 28, 2013


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