Monthly Archives: May 2018

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21 May 2018

8990 Holdings targets ‘at least’ P11.5B this yr

2019-01-09T05:24:38+08:00May 21, 2018|Newsroom, The Manila Times|

MASS housing developer 8990 Holdings, Inc. is targeting gross revenues of P11.5 billion this year as more projects are expected to come online. “We’re looking at least at P11.5 billion target gross revenue for 2018,” 8990 President and Chief Executive Officer Willibaldo Uy told a news conference in Makati City on Friday, adding that net profit is expected to exceed ..

17 May 2018

Developer Q1 profit hits P1B

2019-01-09T05:48:36+08:00May 17, 2018|Newsroom, Malaya Business Insight|

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 revenues so far. “Topline growth was mainly driven by the increased contribution of its various projects nationwide. Net ..

17 May 2018

8990 Q1 profit hits P1B

2019-01-09T05:44:19+08:00May 17, 2018|Newsroom, Business World|

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, 37% higher than the P736 million it realized in the same period a year ..

17 May 2018

8990 Q1 net income jumps by 37%

2019-01-09T05:41:16+08:00May 17, 2018|Newsroom, Philippine Daily Inquirer|

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 rose by 57 percent year-on-year to P2.5 billion in the first quarter, posting its strongest first-quarter residential topline performance so far, driven ..

17 May 2018

8990 Holdings earns P1 B

2019-01-09T05:34:53+08:00May 17, 2018|Newsroom, Manila Bulletin|

Mass housing developer 8990 Holdings, Inc. reported that its net income jumped 37 percent to P1.0 billion in the first quarter of 2018 from to the P736 million reported in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues grew 57 percent year-on-year to P2.5 billion in the first quarter of ..

16 May 2018

8990 nets P1B

2019-01-09T05:51:46+08:00May 16, 2018|Newsroom, Philippine Daily Inquirer|

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 revenues and better-than-targeted margins. Gross revenues rose by 57 percent year-on-year to P2.5 billion, posting its strongest first-quarter residential topline performance so far, driven by the increased contribution of its various projects nationwide. Net income margin of ..

04 May 2018

Stocks up slightly; DMCI, 8990 gain

2019-01-09T06:12:04+08:00May 4, 2018|Newsroom, Manila Standard|

The stock market rose marginally Friday after staying in the red for the most of the trading session, with bargain hunting boosting some second-liners. The Philippine Stock Exchange Index added 11.09 points, or 0.2 percent, to 7,546.19 on a value turnover of P6.2 billion. Losers, however, beat gainers 107 to 88, with 38 issues unchanged. Mass housing developer 8990 Holdings ..

03 May 2018

8990 Holdings posts double-digit income growth in 2017

2019-01-09T06:15:07+08:00May 3, 2018|Newsroom, Business World|

8990 HOLDINGS, Inc. delivered a double-digit growth in profit last year on the back of higher revenues and improved margins. In a disclosure to the stock exchange, the mass housing developer reported that consolidated net income grew 16% year on year to P4.14 billion from the P3.58 billion in 2016. The real estate firm managed to reverse the 22% drop ..

02 May 2018

8990 Holdings posts P4.14-B net income

2019-01-09T06:23:25+08:00May 2, 2018|Newsroom, Manila Bulletin|

Top mass housing developer 8990 Holdings, Inc. reported that its consolidated net income grew 16 percent last year to P4.14 billion from the P3.58 billion earned in in 2016. In a disclosure to the Philippine Stock Exchange, the firm said 2017 consolidated revenue was reported at P10.18 billion, 10 percent higher than the previous year’s P9.27 billion due to strong ..

02 May 2018

8990 says ‘17 profit increased 16% to P4.14b

2019-01-09T06:20:10+08:00May 2, 2018|Newsroom, Manila Standard|

Mass housing developer 8990 Holdings Inc. said net income in 2017 rose 16 percent to P4.14 billion from P3.58 billion in 2016 on double-digit growth in revenues. 8990 Holdings said in a disclosure to the stock exchange revenues increased 10 percent to P10.1 billion, slightly exceeding the P10-billion target for 2017. Net income margin also expanded to 41 percent in ..

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