In a disclosure to the Philippine Stock Exchange, the firm said gross revenues from January to June 2023 was also almost flat at P10.07 billion from P10.05 billion in the same period last year.
He added that, “as we embark on the next phase of our journey, I am confident that we will overcome any obstacles that come our way and continue to achieve greater heights.” “On a positive note, our Net Income Margin demonstrated improvement, standing at an impressive 38 percent in the first half of 2023, compared to 37 percent last year,” he said
“While the transition has been ongoing, we understand that recognizing revenue from these projects may require some time as our buyers adapt to this financing scheme,” Sotto said. In the first six months of 2023, 8990 Holdings delivered a total of 6,105 homes. In terms of value, the National Capital Region brought in 52 percent followed by North Luzon with 18 percent, Davao and Iloilo/Bacolod with 10 percent each.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: gmanetwork - 🏆 12. / 63 Read more »