Developer Q1 profit hits P1B

8990 Holdings Inc., said profit for the first quarter of the year reached P1 billion, up 37 percent from P736 million the previous year. Revenues rreached P2.5 billion, up 57 percent from last year’s P1.59 billion, marking its strongest first quarter residential...

8990 Q1 profit hits P1B

EARNINGS of 8990 Holdings, Inc. grew by more than a third in the first quarter of 2018, fueled by the delivery of more housing projects across the country. In a statement issued Wednesday, the mass housing developer said net income reached P1 billion in the quarter,...

8990 Q1 net income jumps by 37%

Leading mass housing developer 8990 Holdings posted a 37-percent year-on-year growth in first quarter net profit to P1 billion on higher real estate sales and better-than-targeted margins. 8990 disclosed to the Philippine Stock Exchange yesterday that gross revenue...