Enrique K. Razon, Jr. is Bloomberry Resorts Corporation’s chairman and chief executive officer.
He acknowledged that 2020 began on a rough note for his firm. This scenario is due to the coronavirus outbreak that has posed as an official world health crisis, he said.
Razon relayed that this global healthcare emergency leads Bloomberry Resorts Corporation to contend with the outbreak’s repercussions on the tourism industry.
However, Razon exhibited an optimistic stance. He confirmed that they at the firm stay committed and aim to show their resilience.
Through working towards another year of operating brilliance, Razon cited that his company upholds these positive attributes.
Moreover, he shared that he is delighted to declare that his company underwent another record year of profits.
Razon confirmed that Solaire Resort and Casino had kept its market-leading position.
Furthermore, the casino and resort has proven that it is the leading integrated tourist destination in the country again, he added.
Razon proudly made the announcement, citing that Solaire has accomplished its present status despite surging competitive forces.
Aside from the positive developments in the casino and resort, the Bloomberry Resorts Corporation’s head also expressed his optimism for Solaire North.
Razon said that they are carrying on concentrating on the next part of their progress. He was pertaining to this soon-to-rise casino and resort in Quezon City.
Razon affirmed that the construction of Solaire North is progressing smoothly.
Therefore, this development lands his company being on track for the project’s completion by the second half of 2023, he remarked.
Bloomberry Resorts Corporation announced that its net income surged in 2019 to P9.92 billion.
This figure translates to a growth of over a third, based on the report by Philippine business newspaper BusinessMirror.
Plus, it is higher than the company’s 2018 net income that totaled to P7.16 billion.
Despite higher interest expenditures and incurring foreign exchange losses, the operator of Solaire was reportedly able to achieve the feat.
In 2018, Bloomberry Resorts Corporation’s net profit amounted to P725.1 million. These figures are less than those recorded in the fourth quarter of last year.
The numbers were then 87 percent higher at P1.4 billion. As of 9:42 AM on Thursday, March 5, 2020, Bloomberry Resorts Corporation (PSE: BLOOM) closed at P7.82 per share.
From its previous close, this last trade price of the firm’s stock is up by P0.19 or 2.49 percent.
Furthermore, the total value turnover reached P642,084.00. The Philippine Stock Exchange recorded the 52-week high of Bloomberry Resorts Corporation at P13.04.
Meanwhile, its 52-week low is at P7.52.
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