8990 Holdings H1 profit up 18%
Mass housing developer 8990 Holdings Inc. is optimistic of exceeding its revenue target of PHP13.5 billion this year after its net income surged by 18 percent in the first half. “I think we will even surpass that based on the sales tempo, it’s really doing well,” company President and Chief Executive Officer Willie Uy told reporters Thursday on the sidelines of a briefing on its first six-month earnings. He noted their housing projects in the province have been showing “very good sales” even during July and August which are rainy months. To meet strong demand, Uy bared the company aims to launch this second half of 2019 three housing projects located in Meycauayan, Bulacan; Talomo, Davao City; and Leganes, Iloilo.