Century Properties Group Inc. (CPG) said profits fell by 11 percent to P446 million in the first half of the year compared with P502 million in the same period last year, as real estate sales declined.

Real estate sales, which account for 62 percent of revenues, dropped to P2 billion, a 29 percent decrease from P2.97 billion in the same comparable period, partly due to less pre-sales and project launches.

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