8990 H1 net income falls 19% to P3B

By Earl John Alfaro

Aug 30, 2024 12:21 am

REAL estate firm 8990 Holdings Inc. reported a 19-percent decline in its consolidated net income in the first six months of 2024 to P3.06 billion from P3.78 billion last year.

The real estate firm recorded a flat consolidated revenue of P10.14 billion due to increased sales in Metro Manila, Bulacan and Davao, while gross income dropped to P3.93 billion from P4.88 billion.

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