BLOOMBERRY Resorts Corp. (Bloomberry) posted an unaudited consolidated net income of P4 billion for the first half of 2024, slipping 37.5 percent from P6.4 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.
“Despite our weaker consolidated year-over-year performance, I am pleased to report that Solaire Resort North recorded a positive Ebitda (earnings before interest, taxes, depreciation and amortization) of P250 million in its first 37 days of operations,” Bloomberry Chairman and CEO Enrique Razon Jr. said.
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