trending Market Intelligence /marketintelligence/en/news-insights/trending/sr0H55zg01Rsdrl8_Y9Rog2 content esgSubNav
In This List

Boulevard Holdings swings to loss in fiscal Q3

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Boulevard Holdings swings to loss in fiscal Q3

Boulevard Holdings Inc. said its normalized net income for the fiscal third quarter ended Feb. 28 came to a loss of 3.6 million pesos, compared with income of 2.4 million pesos in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 27.7% from 5.0% in the year-earlier period.

Total revenue fell 73.0% on an annual basis to 13.1 million pesos from 48.6 million pesos, and total operating expenses decreased 53.1% from the prior-year period to 20.1 million pesos from 42.8 million pesos.

Reported net income came to a loss of 6.2 million pesos, or a loss of 0 centavos per share, compared to income of 2.2 million pesos, or 0 centavos per share, in the year-earlier period.

As of April 20, US$1 was equivalent to 44.25 Philippine pesos.