BOULEVARD Holdings, Inc. (BHI) reported a 100% increase in sales in January with P536,529.11 logged in sales of products and services during the month.
However, the company said the amount only accounts for operations from its Friday’s Puerto Galera resort. Boulevard Holdings said it posted an 84.43% decline in January from its December 2021 sales.
“Friday’s Puerto Galera has been closed for the most of January 2022 due to the travel restrictions as a result of the surge in COVID-19 (coronavirus disease 2019) Omicron cases. Friday’s Puerto Galera is currently open on weekends,” the company said in a disclosure on Thursday.
“Friday’s Boracay remains non-operational and is expected to reopen in March 2022,” it added.
For the eight months ended Jan. 31, Boulevard Holdings posted products and services sales worth P9.9 million.
Shares of Boulevard Holdings last traded on Oct. 13 last year, closing at 0.063 centavos per share.
In Jan. 25, the Philippine Stock Exchange (PSE) said Boulevard Holdings has yet to file its quarterly report for the period ended Nov. 30, 2021.
“The trading of the shares of BHI will remain suspended until further notice. The Exchange will inform the Trading Participants and the investing public of further developments on the matter,” the PSE said. — Keren Concepcion G. Valmonte
