8990 Holdings, Inc. Announces Earnings Guidance for the Year 2018
May 21, 2018 at 03:19 am
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8990 Holdings, Inc. announced earnings guidance for the year 2018. For the period, the company expecting at least at PHP 11.5 billion target gross revenue for 2018. The company expects to spend around PHP 8 billion in capex. The company expects to hit PHP 11.5 billion in revenue in 2018.
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. 
