Bloomberry removed from SE Asian index

Philippine lender Security Bank Corp has removed Bloomberry Resort Corp from the Southeast Asian nation’s stock market index, says the Philippine Stock Exchange, Reuters reports.

The benchmark index requires the firm to be among the most liquid and valuable companies on the market. Bloomberry was the only casino operator in the index.

The changes will take effect on September 12, 2016, said the Philippine Stock Exchange.

Earlier this month, Bloomberry reported P1.3 billion ($28.5 million) of profit in the second quarter of 2016, compared to a loss of P787 million in the same quarter in 2015.

The company, which owns and operates the Solaire Resort and Casino in the Philippines said its second quarter revenues surged by 40 percent to P.8.4 billion.

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