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Jose Antonio earmarks P6B for Century Properties’ expansion

Century Properties Group Inc. has set aside P6 billion for its capital expenditures this year.

Century Properties Group Inc. has set aside P6 billion for its capital expenditures this year.

Bulk of the amount or about P5 billion will go to the expansion of its condominium projects, according to BusinessWorld.

The money will also be used to develop affordable housing and tourism-related businesses.

CPG reported a net income of P726.93 million last year, down from the P1.52 billion profit recorded in 2015 as revenues fell to P7.38 billion from P10.38 billion.

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