Antonio’s Century Properties reports decade-high profit in 2023

The Antonio family’s Century Properties Group Inc. (CPG) announced a net income of P1.86 billion for 2023, a 32 percent increase from 2022 and the highest in a decade. 

Revenues rose 14 percent to P12.7 billion, largely driven by its affordable First-Home residential development business, contributing 58 percent of total revenues. 

CPG's earnings before interest, taxes, depreciation, and amortization also saw a significant increase, up 36 percent to P3.37 billion, with improved profit margins primarily from its PHirst segment. 

“We are very satisfied with the 2023 performance of the company as we have proven that the deliberate and prudent measures taken by the management to navigate through the challenges during the crisis period and the strategies we implemented are now materializing.”
- Ponciano S. Carreon, Jr., CFO of CPG
Ponciano S. Carreon, Jr., CFO of CPG
About the author
Miguel R. Camus
Miguel R. Camus

Miguel R. Camus has been a reporter covering various domestic business topics since 2009.

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