Monthly Archives: May 2019

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21 May 2019

8990, Megawide sign deal for maiden horizontal project

2019-06-04T05:33:49+08:00May 21, 2019|Newsroom, The Manila Times|

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. “We are delighted to extend our partnership beyond just vertical developments. With the addition of Deca Homes Meycauayan to our list of projects with Megawide, we are certain that we will be able to deliver quality homes to every hardworking Filipino,” said 8990 Holdings President and Chief Executive Officer Willie Uy.

15 May 2019

8990 Holdings Q1 income up

2019-06-04T05:29:22+08:00May 15, 2019|Newsroom, Philippine Daily Inquirer|

Leading 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. Revenues grew by 20 percent year-on-year in the first three months to P3.01 billion as the company delivered a total of 2,204 housing units, 23 percent higher than the units delivered in the previous period last year. Net profit margin was at 39 percent, well above the company’s guidance of 37.5 percent

15 May 2019

8990 profit jumps 17% in January-March

2019-06-04T05:25:11+08:00May 15, 2019|Newsroom, Business World|

8990 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. In a disclosure to the stock exchange on Tuesday, the listed mass housing developer said that its net income grew to P1.177 billion during the January to March period, from P1.009 billion in the same period last year. Revenues jumped 20% to P3.01 billion in the three-month period, as the company sold 2,204 housing units which was 23% up from year ago figures. Sales from NCR projects accounted for 25% of the total, followed by Iloilo projects, which accounted for 12% and South Luzon projects with 11%.

14 May 2019

8990 Holdings nets P1.18B in Q1

2019-06-04T05:21:17+08:00May 14, 2019|Newsroom, Philippine Daily Inquirer|

MANILA, 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. Revenues grew by 20 percent year-on-year in the first three months to P3.01 billion as the company delivered a total of 2,204 housing units, 23 percent higher than the units delivered in the previous period last year. Net profit margin was at 39 percent, well above the company’s guidance of 37.5 percent. Projects in Metro Manila contributed 25 percent of the total revenues, followed by Iloilo with a share of 12 percent while 11 percent came from South Luzon.

09 May 2019

8990’s 2018 income up 13% to P4.67B

2019-06-04T05:16:29+08:00May 9, 2019|Newsroom, The Manila Times|

LISTED 8990 Holdings Inc. reported on Wednesday its consolidated net income climbed by 13 percent to P4.67 billion last year from P4.14 billion in 2017. In a disclosure, the mass-housing developer said consolidated revenues jumped by 15 percent to P11.74 billion in 2018 from P10.18 billion in 2017, buoyed mainly by real-estate sales, which hit P11.67 billion. Its Luzon projects ..

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