Listed mass housing developer 8990 Holdings Inc. expects a 40-percent hike in its full-year net income this year on the back of strong housing sales.

According to 8990 Holdings President Januario Jesus Gregorio Atencio 3rd, net income for 2014 is expected to grow by around 40 percent to between P3 billion and P3.2 billion from P2.2 billion last year.

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