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8990 Holdings Inc (Philippines)

Main Activities: Construction of Buildings | Real Estate
Full name: 8990 Holdings Inc Profile Updated: June 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

8990 Holdings, Inc. (HOUSE) is a holdings company located in Makati, Philippines. It was incorporated on July 08, 2005, originally as an information technology and telecommunications services provider. However, on October 1, 2013, the company changed its name and primary purpose to that of a holdings company. In May 2012, Iholdings, Inc., Januarius Resources Realty Corporation, and Kwantlen Development, Inc. gained control of the company through the acquisition of 61.4% of its outstanding capital stock. In May 2013, the company acquired several real estate companies, including 8990 Housing Development Corporation, 8990 Luzon Housing Development Corporation, Fog Horn, Inc., 8990 Leisure and Resorts Corporation, 8990 Davao Housing Development Corporation, and 8990 Mindanao Housing Development Corporation. After disposing of its information technology and telecommunications business in 2012, 8990 Holdings, Inc. now operates as a low-cost mass housing developer through its subsidiaries. As of December 31, 2013, the company has completed 58 mass housing projects and is currently developing 20 more mass housing, medium-rise buildings, and high-rise projects.

Headquarters
11/F Liberty Center, 104 Hv Dela Costa, Salcedo Village
Makati; National Capital Region; Postal Code: 1200

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Website: http://www.8990holdings.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2005
Key Executives
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Chairman
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Chairman
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President
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Chief Financial Officer
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Director/Member of the Board
Ownership Details
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45.75%
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16.79%
Subsidiaries
8990 Davao Housing Development Corporation (8990 Dhdc)
100%
8990 Housing Development Corporation (8990 Hdc)
100%
8990 Leisure And Resorts Corporation (8990 Lrc)
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
0.73%
Total operating revenue
2.35%
Operating profit (EBIT)
-23.92%
EBITDA
-25.27%
Net Profit (Loss) for the Period
-18.78%
Total assets
1.73%
Total equity
4.34%
Operating Profit Margin (ROS)
-8.27%
Net Profit Margin
-7.29%
Return on Equity (ROE)
-1.6%
Debt to Equity Ratio
1.74%
Quick Ratio
0.17%
Cash Ratio
0.03%

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