MASS HOUSING developer 8990 Holdings, Inc. reported 36% increase in its net income in the third quarter, driven by rising sales from its affordable housing development. In a regulatory filing, the listed property developer said it booked a net income of P1.389 billion in the three-month period ending September from P1.018 billion a year ago.
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8990 Holdings Inc. has achieved many milestones for the past 16 years. However, none of these successes would have been possible without the leadership of the late Willibado “Willie” Uy who was president and chief executive officer (CEO) of 8990 from January 2018 to October 2019.
Read More8990 Holdings Inc. is close to hitting its full-year revenue target after registering double-digit growth in its topline figures in the first nine months of 2019. In a disclosure on Thursday, the listed property developer said its revenues grew by 22 percent to P10.5 billion in the January-to-September period from P8.6 billion a year ago.
Read MoreMass housing developer 8990 Holdings is seen on track to deliver at least P5 billion in net profit this year after posting an 18-percent net income growth in the first semester.
Read MoreLISTED 8990 Holdings Inc. reported on Thursday that its consolidated net income jumped by 18 percent to P2.82 billion in the first six months from P2.39 billion year-on-year on the back of higher revenues.
Read MoreMass housing developer 8990 Holdings Inc. is optimistic of exceeding its revenue target of PHP13.5 billion this year after its net income surged by 18 percent in the first half.
Read MoreMass housing developer 8990 Holdings Inc. said Thursday first-half net income rose 18 percent to P2.82 billion from P2.39 billion year-on-year on sustained strong demand for its affordable housing units.
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8990 Holdings Inc. has seen its stock price surging by nearly 100 percent since the start of this year, with analysts crediting its strong financial performance as having boosted investor sentiment. The listed mass-housing developer increased its share price by 94.2...
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8990 Holdings, one of the fastest growing real estate developers in the Philippines, expands its partnership with Megawide Construction Corp. with the signing of a contract to build its newest housing project in Meycauayan, Bulacan.
Read More8990 HOLDINGS, Inc. booked a 17% increase in net income in the first quarter of 2019, driven by sales of its housing projects in the National Capital Region (NCR), Iloilo, and South Luzon.
Read MoreLeading mass housing developer 8990 Holdings grew net profit in the first quarter by 17 percent year-on-year to P1.18 billion as residential condominium projects in Metro Manila started to contribute significantly to total revenues.
Read MoreMANILA, Philippines – Leading mass housing developer 8990 Holdings grew its net profit in the first quarter by 17 percent year-on-year to P1.18 billion as its residential condominium projects in Metro Manila started to contribute a big bulk of the revenues.
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