8990 Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021 at 07:43 pm EDT
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8990 Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 5,535.284 million compared to PHP 1,420.016 million a year ago. Operating income was PHP 1,946.998 million compared to PHP 119.705 million a year ago. Net income was PHP 1,905.898 million compared to PHP 138.934 million a year ago. For the half year, total revenue was PHP 10,011.923 million compared to PHP 4,909.011 million a year ago. Operating income was PHP 3,551.995 million compared to PHP 1,495.520 million a year ago. Net income was PHP 3,457.893 million compared to PHP 1,483.371 million a year ago.
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. 