8990 Holdings, Inc. Provides Earnings Guidance for the Year 2020
February 03, 2020 at 10:12 pm EST
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8990 Holdings, Inc. provided earnings guidance for the year 2020. The company is expecting to record revenues of about PHP 20 billion for 2020, driven by the partial opening of its Urban Deca Homes Ortigas project by year's end. Including 8990 Holdings' other projects, the company's expected revenue by end-2020 is PHP 20 billion, of which 40% or about PHP 8 billion will be the net income.
8990 Holdings, Inc. is a Philippines-based holding company and a mass housing developer. The Company's business segment includes the construction of low-cost mass housing; construction of medium-rise condominium units; construction of high-rise condominium units, and hotel operations. Under the brand name DECA Homes, its residential subdivisions are located in Cebu, Iloilo, Davao, Pampanga and Cavite. It constructs over three types of housing unit, including single-story detached, single-story attached and townhouse. The floor areas range from 35 square meters (sq. m.) to 120 sq. m. Its facilities include concrete roads and an underground drainage system. It also develops low-cost residential complexes of medium-rise buildings (MRBs) under the Urban DECA Homes brand. The floor area for an MRB unit ranges from 25 sq. m. to 36 sq. m. The Company has also ventured into high-rise condominium projects under the brand name, DECA Towers in the urban areas of Metro Manila.
8990 HOLDINGS, INC. 
