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Boulevard Holdings swings to profit in fiscal Q3

4982372 said its normalized net income for the fiscal third quarter ended Feb. 29 was 3.9 million pesos, compared with a loss of 3.6 million pesos in the prior-year period.

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

The normalized profit margin climbed to 9.5% from negative 27.7% in the year-earlier period.

Total revenue grew year over year to 40.7 million pesos from 13.1 million pesos, and total operating expenses rose 56.9% on an annual basis to 31.5 million pesos from 20.1 million pesos.

eported net income came to 4.0 million pesos, or 0 centavo Boulevard Holdings Inc.