8990 Holdings, Inc. provided earnings guidance for the fiscal 2016. The company aims to raise revenues to PHP 12 billion in 2016. The company sees sustained growth in earnings and revenues next year that will allow the company to double its business by 2020.

The company expects sales to increase to PHP 12 billion in 2016, 20%-25% higher from the full-year projection of PHP 9.6 billion to PHP 10 billion 2015. Based on its PHP 12-billion revenue goal, the company is seeing net profit reaching PHP 4.8 billion in 2016, 20%-26% higher than the 2015 target range of PHP 3.8 billion to PHP 4 billion.