Mass housing builder 8990 Holdings sees revenues growing by 15 percent this year to P23 billion, banking on the strong demand for its products and an improving local economy.
8990 reported a 41 percent jump in its topline to P20 billion despite the challenges brought on by the pandemic and the super typhoon that hit one of its key markets.
Company president and CEO Anthony Vincent Sotto said the latest results were 30 percent higher than 2019 revenues of P15.4 billion, reflecting the strong demand for affordable housing, the optimism of buyers in the economy and their confidence in the stability of future revenue streams.”
8990 turned over 11,564 more homes to Filipino buyers last year.
The company believes that its big land bank of 729.05 hectares located in strategic areas nationwide is more than capable of delivering the projected revenue growth for the year, bolstering its goal to hit P164 billion in sales for the next seven to eight years.
SOURCE: Bilyonaryo
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