News & Updates
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
[fusion_builder_container type="flex" hundred_percent="no" hundred_percent_height="no" hundred_percent_height_scroll="no" align_content="stretch" flex_align_items="flex-start" flex_justify_content="flex-start" hundred_percent_height_center_content="yes"...
To our valued Homeowners
8990 is one with the nation in the fight to contain the COVID-19 pandemic. We appreciate the valuable contributions of those on the frontlines, many of which, are Deca/Urban Deca homeowners. We also commend the majority of our homeowners who stayed at home and...
Hidilyn Diaz for 8990 Holdings Inc
8990 Holdings Inc., the leading affordable housing developer in the Philippines, awarded SEA Games weightlifting gold medalist Hidilyn Diaz with a P500,000 check for giving honor and pride to the Philippines after bagging three gold medals in the recently concluded...
Rise to the top
8990 Holdings Inc. chairman Mariano Martinez. Leading property developer 8990 Holdings Inc. takes a step higher as it tops off the first building in its newest 22-tower condo residential development, Urban Deca Homes Ortigas. The 13-hectare project, located in...
8990 Holdings liquidates P5 billion receivables
MANILA, Philippines — Mass housing developer 8990 Holdings Inc. had sold P5 billion worth of contract-to-sell (CTS) receivables to a local financial holding firm.
In a disclosure to the Philippine Stock Exchange, 8990 said the receivables were sold to Dearborne Resources and Holdings Inc.
The transaction was funded by China Banking Corp.
8990 Holdings’s 3rd quarter income rises by 36%
MASS HOUSING developer 8990 Holdings, Inc. reported 36% increase in its net income in the third quarter, driven by rising sales from its affordable housing development.
In a regulatory filing, the listed property developer said it booked a net income of P1.389 billion in the three-month period ending September from P1.018 billion a year ago.
Remembering the legacy of Willie Uy
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 nets P11B, nears 2019 revenue target
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.
Affordable housing developer 8990 Holdings targets full-year P5-B profit
Mass housing developer 8990 Holdings is seen on track to deliver at least P5 billion in net profit this year after posting an 18-percent net income growth in the first semester.
Based on the company’s net margin target of 37.5 percent and the projected revenues of P13.5 billion, full-year net profit will reach P5.06 billion, up by 8.35 percent from the bottom line last year.
In the first semester, 8990 Holdings posted P2.82 billion in net profit compared to P2.39 billion the previous year. The growth was driven by higher revenues unlocked from its flagship project, Urban Deca Homes (UDH) Manila, a 13-tower residential complex in Tondo, Manila.
8990 Jan-June income hits P2.82B
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.