News & Updates
8990 targets to reach P20-B revenues by 2020
8990 HOLDINGS, Inc. aims to generate P20 billion in revenues by 2020, driven by the completion of its mid-rise condominium project in Ortigas Extension. The listed mass housing developer said it should grow revenues by an average of 25-30% in the next two years to...
8990 income rises 38% in three quarters on higher sales
MASS-housing builder 8990 Holdings Inc. said its net income grew 38 percent during the first three quarters of the year to P3.4 billion, from last year’s P2.46 billion, as the company targets higher revenues by 2020. The company said it achieved the growth despite...
8990 Holdings sees banner year as earnings bounce back at P3.4 B
Top mass housing developer 8990 Holdings, Inc. expects this to be a banner year as it generated a record high net income of P3.4 billion in the first nine months, a 38 percent jump from the same period in 2017. In a press briefing, 8990 President and CEO Willie J. Uy...
8990 sees revenues hitting P20 billion in two years
Mass housing developer 8990 Holdings Inc. expects revenues to reach P20 billion by 2020 as the company with the launching of more projects in the next two years. 8990 Holdings investor relations officer Patricia Ilagan said in a press briefing the projects to be...
8990 set to open first budget hotel venture
Property developer 8990 Holdings plans to open by the end of this month the 168-room Azalea Express in Mandaluyong, its first venture into the budget hotel space. The rooms are carved out of the residential condominium units at Urban Deca Homes along Edsa Mandaluyong...
8990 Holdings Q2 revenue up 142% on strong mass housing demand
MASS HOUSING developer 8990 Holdings, Inc. said revenue rose 142% to P3.5 billion during the second quarter, amid pent-up demand for affordable housing. The listed firm, in a statement, did not report second quarter profit figures. However, it said its first half...