BHI Reports Lower August Sales

Boulevard Holdings Inc. (PSE: BHI) has reported consolidated sales of PhP1,467,497 for August, down by 80% year-on-year, and total sales of PhP7,163,892 for the first quarter ended August 31, 2018, down by 64% compared with the same period last year.

BHI attributes the decrease in sales mainly due to six months closure of Boracay, Malay, Aklan for rehabilitation effective April 26, 2018, and Friday’s Holdings Inc., which owns and operates Friday’s Boracay Beach Resort, is one of the companies affected by the order of the National Government. Friday’s Boracay Beach Resort will resume its hotel operations on the last week of October 2018.

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