BOULEVARD Holdings Inc. said it narrowed its losses during the first half of its fiscal year after successfully regaining control over Friday’s Boracay Island Resort.

In disclosure to the Philippine Stock Exchange (PSE) on Tuesday, BHI, the property development arm of the Panlilio family, said that based on its consolidated statement of income, its losses narrowed to P7.7 million in the six months ending November last year from P10.98 million in the same period in 2014.

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