8990 Holdings Inc. posted a slight increase in net income of 5.5 percent for the first six months of 2022, to P3.649 billion from P3.458 billion in the same period last year.
Anthony Vincent Sotto, 8990 president and chief executive officer, announced during its annual stockholders' meeting that despite inflationary fears and several global uncertainties, the company was able to sustain revenue levels. Gross revenues slightly increased to P10.05 billion in the first half from P10.01 billion in the same period last year. Gross margin remained at 50 percent, while net margin rose slightly from 35 percent to 36 percent.
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