Yearly Archives: 2020

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18 Nov 2020

8990 takes the lead in creating quality, affordable homes

2020-11-18T07:38:21+08:00November 18, 2020|Uncategorized|

It may have already grown and expanded to become the leading mass housing developer today, but 8990 Holdings has remained steadfast to its promise of providing decent, affordable shelter to every Filipino. Having completed over 74,000 homes in 58 projects in the last 17 years, 8990 Holdings knows that it still has a long way to go in helping resolve ..

18 Nov 2020

8990 profit drop 21% in 9 months

2021-06-17T12:58:07+08:00November 18, 2020|Manila Bulletin|

Housing firm 8990 Holdings Inc. reported a 21 percent drop in net income to P3.3 billion in the first nine months of the year as revenue generation was affected by the quarantine measures imposed nationwide. In a disclosure to the Philippine Stock Exchange, 8990 said revenue for the first nine months of 2020 hit P9.7 billion, 7% lower than the previous ..

18 Nov 2020

8990 Holdings Q3 profit rebounds

2020-11-18T02:20:56+08:00November 18, 2020|Bilyonaryo|

Mass housing developer 8990 Holdings Inc. has bounced back strong in the third quarter thanks to a build-up in demand. Mass housing developer 8990 Holdings Inc. has bounced back strong in the third quarter thanks to a build-up in demand. In a regulatory filing, 8990 said grew its net income by 30.9% to P1.82 billion as revenues jumped 38% to ..

10 Nov 2020

8990 Holdings posts record revenues in July-September

2020-11-10T06:15:18+08:00November 10, 2020|Business Mirror|

Mass housing developer 8990 Holdings Inc. on Monday said its income in January to September fell 21 percent to P3.3 billion from last year’s P4.2 billion, but it recorded its highest quarterly revenue in the third quarter. Revenues for the nine-month period fell 7 percent to P9.73 billion from last year’s P10.5 billion. Half of those revenues, or P4.82 billion, ..

19 Oct 2020

8990 Holdings raises P1.3B from corporate notes issuance

2020-10-19T08:01:55+08:00October 19, 2020|GMA Network|

  Listed low-cost housing developer 8990 Holdings Inc. said Thursday it has raised P1.3 billion from the issuance of enrolled corporate notes. In a disclosure to the Philippine Stock Exchange, 8990 said the issued notes are Philippine peso-denominated and exempt from Securities and Exchange Commission (SEC) registration. The notes will be enrolled with Philippine Dealing & Exchange Corp (PDEX) and ..

07 Oct 2020

ERRATUM: OFFICIAL STATEMENT OF 8990 HOLDINGS, INC.

2020-10-07T07:26:44+08:00October 7, 2020|Newsroom|

It has come to our attention that what was previously published as our Official Statement was the draft instead of the final approved version thereof. Owing to this oversight, a republication of our public apology is in order. This republication is in reference to our Official Statement published in the 19 and 26 October 2019 issues of THE PHILIPPINE DAILY ..

22 Sep 2020

8990 expects P205-billion potential sales in 7-10 years

2020-09-22T03:38:39+08:00September 22, 2020|Business World|

MASS housing developer 8990 Holdings, Inc. is looking at generating P205 billion in sales in the medium term from projects it may launch using its existing land bank. In a briefing on Monday, 8990 Acting President and Chief Operating Officer Alexander Ace Sotto said the company keeps a land bank of 657.12 hectares, spread across Luzon (148.04 hectares), Visayas (366.96 ..

26 Aug 2020

Sustained housing demand lifts 8990 profits up 12%

2020-08-26T08:07:17+08:00August 26, 2020|Business World|

By Denise A. Valdez, Senior Reporter MASS HOUSING developer 8990 Holdings, Inc. booked 12% higher earnings in the first quarter of the year, on the back of sustained demand for its products in Metro Manila and key regions. In a disclosure to the exchange on Tuesday, the company said its net income reached P1.32 billion in January to March, supported by the ..

26 Aug 2020

8990 Holdings net income up 12%

2020-08-26T06:57:47+08:00August 26, 2020|PhilStar|

MANILA, Philippines — 8990 Holdings Inc., the listed mass housing developer, reported  a 12 percent hike in net income in the first quarter to P1.3 billion on sustained double-digit growth in revenues. Revenues rose 15 percent to P3.5 billion during the period. The company delivered a total of 2,291 housing units, up four percent year on year. This follows 8990’s ..

26 Aug 2020

8990 Sustains Profit Momentum

2020-08-26T06:22:24+08:00August 26, 2020|tribune.net.ph|

Mass housing developer 8990 Holdings Inc, listed on the Philippine Stock Exchange under the symbol “HOUSE,” posted another record high revenues last year, increasing 30 percent on year to P15.3 billion on the back of an eight percent growth in housing units delivered for last year. This translated to a net income growth of 19 percent on year to ..

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