8990 Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 01:57 am EDT
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8990 Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 73.94 million compared to PHP 36.59 million a year ago. Revenue was PHP 4,728.43 million compared to PHP 4,798.74 million a year ago. Net income was PHP 1,691.4 million compared to PHP 1,760.33 million a year ago. Basic earnings per share from continuing operations was PHP 0.31 compared to PHP 0.33 a year ago. Diluted earnings per share from continuing operations was PHP 0.31 compared to PHP 0.33 a year ago.
For the six months, sales was PHP 120.62 million compared to PHP 53.92 million a year ago. Revenue was PHP 10,065.52 million compared to PHP 10,051.02 million a year ago. Net income was PHP 3,776.69 million compared to PHP 3,691.77 million a year ago. Basic earnings per share from continuing operations was PHP 0.7 compared to PHP 0.68 a year ago. Diluted earnings per share from continuing operations was PHP 0.7 compared to PHP 0.68 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. 
