C05494-2018

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Aug 10, 2018
2. SEC Identification Number
60566
3. BIR Tax Identification No.
004-504-281-000
4. Exact name of issuer as specified in its charter
CENTURY PROPERTIES GROUP INC.
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
21st Floor, Pacific Star Building, Sen. Gil Puyat Avenue corner Makati Avenue, Makati City Postal Code 1200
8. Issuer's telephone number, including area code
(632) 793-8905
9. Former name or former address, if changed since last report
n/a
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 11,599,600,690
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Century Properties Group, Inc.CPG

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Century Properties Group Inc. would like to inform the Honorable Commission that the Company has seeded today, August 10, 2018, a press release entitled:

Century Properties increases revenues by 40%
Net income up by 10% to P490 million in 1H of 2018
Background/Description of the Disclosure

Century Properties increases revenues by 40%
Net income up by 10% to P490 million in 1H of 2018

[August 10, 2018] Century Properties Group Inc. (CPG: PM) total revenues increased by 40% from P3.4 billion to P4.7 billion, a positive indication of the significant strides it has achieved in its diversification plans. From being concentrated in high-rise condominium projects, CPG has ventured into affordable horizontal housing outside of Metro Manila, leisure and tourism developments, and for-lease properties to expand its portfolio into a solid, four-platform business.

CPG posted a net income of P490 million for the first half of 2018 or 10% higher than the P446 million it reported in the same period last year. The growth was mainly driven by contributions from its in-city vertical developments and increased investments in allied real estate sectors.

“CPG’s net income for the first half of 2018 already covers 78% of the full year net income it recorded in 2017. We see this positive trend in our bottom line to continue. While we continue to recognize the revenue from the unit inventory of our condominium developments, we are also seeing a higher income stream from our new allied real estate segments. The company is now well-positioned for sustainable growth with all the preparations we have made to diversify in areas where we see high returns,” said Ponciano S. Carreon, Jr., CPG’s newly appointed Chief Financial Officer and Head for Investor Relations.

Of the company’s in-city vertical developments business, the main contributors of revenue came from the on-schedule completion of Boracay tower in Azure Urban Resort Residences in Paranaque City, as well as the substantial accomplishments in the construction of the Bahamas tower also in Azure; the Iguazu tower in Acqua Private Residences in Mandaluyong City; and the Roxas West, Quirino West, and Quezon South towers of the Residences at Commonwealth, Quezon City. These buildings have a combined total of 3,500 units and P15 billion in total sales value.

Since becoming a publicly listed company in 2012, CPG has completed 18 residential condominium buildings with gross floor area of close to 800,000 square meters. By 2020, all its 30 residential condominiums will be significantly completed.

Recurring income is also increasing at a double-digit growth rate as CPG moves towards its goal to quadruple its leasing assets. From its current completed gross floor area of about 133,000 square meters, the portfolio will increase to a gross floor area of about 300,000 square meters by 2020 once the leasing projects are completed. The Asian Century Center, an office tower project in Bonifacio Global City with joint-venture partner Asian Carmakers, is slated to open in September this year. Another office building is also opening in 2019 at Century City, Makati, in partnership with Mitsubishi Corporation. Leasing revenues will potentially increase over five times, from P342 million in 2017 to a target of P1.5B billion by 2020.
Other Relevant Information

Please see attached Press RElease
Filed on behalf by:
Name Isabelita Sales
Designation Chief Information and Compliance Officer