Boulevard Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2016
January 19, 2017 at 10:52 am EST
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Boulevard Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported revenues of PHP 14,128,784 against PHP 16,948,131 a year ago. Income before tax was PHP 407,764 against loss of PHP 4,487,279 a year ago. Net income attributable to equity holders of the parent was PHP 322,203 against loss of PHP 3,687,502 a year ago. Profit per share was PHP 0.0000 against PHP 0.0003 a year ago.
For the six months, the company reported operating revenues of PHP 35,966,354 against PHP 32,032,715 a year ago. Net income before tax was PHP 880,572 against loss of PHP 7,689,371 a year ago. Net loss attributable to equity holders of the parent was PHP 189,945 against PHP 6,522,125 a year ago. Loss per share was PHP 0.0000 against PHP 0.0005 a year ago. Net cash flows used in operating activities were PHP 385,433 against PHP 88,182,508 a year ago. Additions to property and equipment were PHP 22,818,613 against PHP 17,615,572 a year ago. Return on total assets was 0.02% compared to negative return of 0.40% a year ago. Return on total equity was 0.02% compared to negative return of 0.44% a year ago.
Boulevard Holdings, Inc. is a Philippines-based company, which primarily invests in, purchases, or otherwise acquires and owns, holds, uses, develops, sells, assigns, among others, real and personal property of every kind and description. The Company and its subsidiaries have investments in operations involved in the development of leisure, hotel and tourist estates, as well as residential and office condominiums, operation and management of hotels and resorts, travel related and other allied businesses and services in the Philippines and abroad. The Company operates through two segments: hospitality and leisure, and investment holding. Hospitality and Leisure segment is primarily engaged in delivering service and hospitality through accommodations, room amenities and offers a range of cuisine. Investment Holding segment is primarily engaged in the holding and leasing of investment properties. Its subsidiaries include Fridayâs Holdings, Inc., Fridays Puerto Galera, Inc. and other.