Century Properties Group, Inc. sustained its growth trajectory in the first nine months of 2013 with net income growing by 12 percent to P1.6 billion from the P1.4 billion posted in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues amounted to P8.1 billion, also a 12 percent increase from the same period last year. Rеal еstatе sales increased by 7 percent, comprising the bulk of its consolidated revenues.
Century Properties said it remains confident about its growth prospects, given the continued strength of its pre-sales, as well as its diversification into investment properties, specifically retail and office. Pre-sales as of the end of September reached P18.1 billion and indications suggest that the Company is on track to hitting its full year target of P24 billion, compared to its 2012 full year sales take up of P21.4 billion.
Source: Manila Bulletin | November 17, 2013