Mass housing developer 8990 Holdings Inc. posted a 12-percent increase in net income for the first nine months of 2015 to P3.2 billion, from P2.8 billion last year.

In a disclosure to the Philippine Stock Exchange, 8990 Holdings attributed the growth in net income to the increase of gross sales, which increased by 13 percent to P7 billion, from P6.2 billion a year ago.

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