MJC Investments Corporation Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2017
November 10, 2017 at 01:29 pm IST
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MJC Investments Corporation announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenue of PHP 125,450,095 against PHP 68,237,189 a year ago. Loss before other income (expenses) and income tax was PHP 169,495,413 against PHP 61,693,170 a year ago. Loss before income tax was PHP 221,840,000 against PHP 111,329,906 a year ago. Net loss was PHP 223,609,210 or PHP 0.07 basic and diluted per share against PHP 112,682,754 or PHP 0.03 basic and diluted per share a year ago.
For the nine months, the company reported total revenue of PHP 318,083,952 against PHP 130,230,032 a year ago. Loss before other income (expenses) and income tax was PHP 437,387,412 against PHP 158,255,240 a year ago. Loss before income tax was PHP 594,975,519 against PHP 303,276,522 a year ago. Net loss was PHP 599,457,210 or PHP 0.189 basic and diluted per share against PHP 305,026,266 or PHP 0.096 basic and diluted per share a year ago. Net cash flows provided by operating activities was PHP 289,389,662 against net cash flows used in operating activities of PHP 332,313,046 a year ago. Additions to property and equipment were PHP 181,350,903 against PHP 1,501,802,664 a year ago. Book value per share as on September 30, 2017 was PHP 0.62. Return on assets as on September 30, 2017 was 9.25%.
MJC Investments Corporation is engaged in the tourism and entertainment industries. Its purpose is to acquire by purchase, lease or otherwise, land or interest in land and realty, and to own, hold, improve, or develop said land or real estate so acquired, and to build or cause to be built on any lands owned, held, occupied or acquired, buildings, facilities, and other structures with their appurtenances, for residential, commercial, mixed-use, leisure, gaming, amusement and entertainment purposes. It operates in two segments: Gaming and non-gaming. Gaming segment is engaged in casino operations. Non-gaming segment is engaged in hotel operations. It owns and operates Winford Manila Resort and Casino (WMRC). WMRC is a resort in Greater Manila, specifically at the San Lazaro Tourism and Business Park situated in the Philippine capitalâs historic Chinese quarter. It has 128 all-suite rooms, a 700 seating capacity ballroom, a swimming pool, a dental clinic, fitness and business centres.