PROPERTY developer Century Properties Group, Inc. (CPG) posted a 2.8% decline in second-quarter (Q2) net income to P729.32 million, weighed down by lower nonoperating income and higher tax and interest costs. Revenue rose 3.3% to P4.04 billion from P3.91 billion a year earlier, according to the company’s quarterly report released on Wednesday. Hotel revenue rose 5.5% to P31.56 million, while leasing revenue fell 26.4% to P238.13 million. Interest income from real estate sales declined 82.3% to P2.35 million. For the first six months, CPG’s attributable net income fell 4% to P1.17 billion, mainly due to higher taxes and finance charges.