Mass housing developer 8990 Holdings Inc. reported Tuesday a 23-percent rise in net income in 2015, even surpassing its P4-billion full-year target, amid strong sales and increased construction capacity.

In a disclosure to the Philippine Stock Exchange, the listed firm said it booked a net income of P4.05 billion in 2015, which was P746 million more than its net of P3.31 billion in 2014.

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