8990 Holdings Inc. has achieved many milestones for the past 16 years. However, none of these successes would have been possible without the leadership of the late Willibado “Willie” Uy who was president and chief executive officer (CEO) of 8990 from January 2018 to October 2019.
8990 Holdings Inc. is close to hitting its full-year revenue target after registering double-digit growth in its topline figures in the first nine months of 2019. In a disclosure on Thursday, the listed property developer said its revenues grew by 22 percent to P10.5 billion in the January-to-September period from P8.6 billion a year ago.
LISTED 8990 Holdings Inc. reported on Thursday that its consolidated net income jumped by 18 percent to P2.82 billion in the first six months from P2.39 billion year-on-year on the back of higher revenues. In a disclosure, the property developer said these revenues rose by 17 percent to P7.01 billion from P6 billion in the January-to-June period in 2018. “Rising demand for affordable housing in the country has allowed us to sustain our revenue growth in the first half of 2019,” 8990 President Willie Uy said in the disclosure, expressing confidence that the firm would meet its P13.5-billion revenue target for this year.
8990 Holdings Inc. has seen its stock price surging by nearly 100 percent since the start of this year, with analysts crediting its strong financial performance as having boosted investor sentiment. The listed mass-housing developer increased its share price by 94.2 percent to P15.98 last Friday, compared with P8.23 on January 2. It hit a new 52-week high of P16.40 ..
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.
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 ..
8990 Holdings Inc. aims to generate P20 billion in revenues by 2020 after reporting that its net income surged by 38 percent to P3.4 billion in the first nine months of 2018 from P2.45 billion in the same period last year. In a disclosure on Thursday, 8990 President Willibaldo Uy said the fact his company “have experienced a great year ..
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 ..
MASS housing developer 8990 Holdings, Inc. is targeting to generate over P2 billion in sales from its newly-launched residential project in Cebu City. In a statement on Friday, 8990 said it is setting aside P800 million over the next three years for the construction of Urban Deca Homes-Tisa 2 in Cebu City, duplicating one of its mid-rise developments following strong ..