Bloomberry suffers P771-M net loss due to pandemic lockdown

Bloomberry suffers P771-M net loss due to pandemic lockdown


Bloomberry suffers P771-M net loss due to pandemic lockdown
May 11, 2021 | 12:05 am
BLOOMBERRY Resorts Corp. incurred P771.17 million in first-quarter net loss attributable to parent firm equity holders, a reversal of year-ago’s P1.38-billion income, after its operations were hampered with the return to stricter quarantine measures.
“Solaire has been closed to the public since March 29,” the listed company said in a regulatory filing on Monday. Its subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel & Casino.
Bloomberry cited the rising cases of coronavirus disease 2019 in March 2021, which prompted authorities to again place Metro Manila and nearby provinces under an enhanced community quarantine (ECQ) on March 29. The measure transitioned to a less strict modified ECQ on April 12.

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