CPG posts higher Q1 profit on PHirst, premium sales - BusinessWorld Online

CPG posts higher Q1 profit on PHirst, premium sales - BusinessWorld Online

REAL ESTATE developer Century Properties Group, Inc. (CPG) recorded a 16% increase in first-quarter (Q1) net income to P473 million from P410 million a year earlier, driven by its first-home and premium residential segments. Consolidated revenue grew by 4% to P3.72 billion from P3.58 billion last year, CPG said in an e-mail statement on Tuesday. The first-home residential developments (PHirst) segment — which covers the socialized, low-income, e…