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09 Nov 2018

8990 targets to reach P20-B revenues by 2020

2019-01-09T03:08:13+08:00November 9, 2018|Newsroom, Business World|

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 reach this target. “For revenues, we’re aiming for P11.5 billion now, next year we’ll have ..

09 Nov 2018

8990 income rises 38% in three quarters on higher sales

2019-01-09T02:55:55+08:00November 9, 2018|Newsroom, Business Mirror|

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 higher prices, as there is still strong buyer demand for its projects. It explained people still ..

08 Nov 2018

8990 sees revenues hitting P20 billion in two years

2019-01-09T03:19:19+08:00November 8, 2018|Newsroom, Manila Standard|

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 launched in Luzon would contribute 79 percent to the projected P20-billion revenues by 2020. The company ..

06 Aug 2018

8990 set to open first budget hotel venture

2019-01-09T03:24:37+08:00August 6, 2018|Newsroom, Philippine Daily Inquirer|

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 and will be offered at a price below P2,500 per night, 8990 Holdings president Willibardo Uy ..

31 Jul 2018

8990 Holdings Q2 revenue up 142% on strong mass housing demand

2019-01-09T03:35:16+08:00July 31, 2018|Newsroom, Business World|

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 revenue of P6 billion grew 98% and exceeded the company’s internal target. “There is pent-up demand. This must ..

31 Jul 2018

8990 Holdings profit doubles to P2.4-B

2019-01-09T03:46:42+08:00July 31, 2018|Newsroom, Philippine Canadian Inquirer|

MANILA — Housing developer 8990 Holdings Inc. on Monday said its net income doubled to PHP2.4 billion in the first half of the year on the back of robust demand for affordable homes. 8990 Holdings President and Chief Executive Officer Willie Uy is confident of hitting revenue goal of PHP11.5 billion this year after housing revenues surged by whopping 98 ..

31 Jul 2018

8990 to offer P3B in retail bonds

2019-01-09T03:32:34+08:00July 31, 2018|Newsroom, Philippine Daily Inquirer|

Mass housing developer 8990 Holdings plans to roll out this third quarter a pioneering P3- billion retail bond offering backed by housing receivables. Separately, 8990 Holding plans to unload via bilateral transactions some P10 billion in housing receivables under its contract to sell (CTS) portfolio this year, P2.5 billion of which had been done earlier in the year. “We’d like ..

30 Jul 2018

8990 Holdings profit doubles to P2.4-B

2019-01-09T03:38:57+08:00July 30, 2018|Newsroom, Philippine News Agency|

MANILA -- Housing developer 8990 Holdings Inc. on Monday said its net income doubled to PHP2.4 billion in the first half of the year on the back of robust demand for affordable homes. 8990 Holdings President and Chief Executive Officer Willie Uy is confident of hitting revenue goal of PHP11.5 billion this year after housing revenues surged by whopping 98 ..

02 Jul 2018

Megawide eyes new contracts worth P24-B this year

2019-01-09T05:27:18+08:00July 2, 2018|Newsroom, Philippine News Agency|

MANILA -- Diversified engineering and infrastructure conglomerate Megawide Construction Corp. targets to secure PHP24 billion worth of new contracts this year, optimistic about its continued business expansion, driven by the country’s economic growth and infrastructure development push. Megawide President Edgar Saavedra told reporters on Monday the engineering procurement construction (EPC) contract for the Clark International Airport for PHP4.9 billion already ..

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