Century Properties Group Inc. (PSE:CPG) sustained its solid performance in the first nine months of 2022, in synch with the country's economic recovery, amid lingering geopolitical and macroeconomic concerns. CPG's consolidated revenues for the first nine months of 2022 increased by 35 percent to P8.75 billion from P6.48 billion in the same period last year. For the third quarter, the company registered its consolidated revenues at P3.43 billion, 71 percent higher year-on-year, and net income of P594 million, an 86 percent increase from its level a year ago.

"The acceleration of business activity as the Philippine economy reopened allowed the company to generate higher earnings during the nine-month period. The demand for our residential projects, especially for affordable housing in key growth areas outside of Metro Manila remained strong despite rising inflation and interest rates," said CPG Chief Finance Officer Ponciano Carreon Jr.

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