BLOOMBERRY Resorts Corp. (Bloomberry) posted an unaudited consolidated net income of P4 billion for the first half of 2024, slipping 37.5 percent from P6.
BLOOMBERRY Resorts Corp. posted an unaudited consolidated net income of P4 billion for the first half of 2024, slipping 37.5 percent from P6.4 billion in the same period last year, which it attributed to a slowdown of engagement among its VIP clientele and expenses incurred by Solaire Resort North, its recently opened new property in Quezon City.
1 billion in 2023, with VIP rolling chip volume and mass table drop declining by 31.7 percent and 6 percent, respectively, which offset a 14.4-percent increase in slot coin-in revenue.Second-quarter earnings from hotel, food and beverage reflected a 23.9-percent increase to P1.3 billion for its Philippine operations, with Solaire Resort earning P1 billion; Solaire North , P152.6 million; and Jeju Sun in South Korea, P106.1 million.Hotel occupancies for both SR and SN were up by 74.
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