Philippine Racing Club, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
May 16, 2022 at 10:55 am IST
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Philippine Racing Club, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was PHP 120.26 million compared to PHP 87.57 million a year ago. Revenue was PHP 297.33 million compared to PHP 202.16 million a year ago. Net income was PHP 248.43 million compared to PHP 128.9 million a year ago. Basic earnings per share from continuing operations was PHP 0.489 compared to PHP 0.254 a year ago.
Philippine Racing Club, Inc. is a Philippines-based company, which is primarily engaged in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations located within Metro Manila and other parts of the country. The Company is also engaged in acquiring and developing real estate property, including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. It operates through four segments. Real Estate Operations segment is engaged in real estate business, such as development and sale of land and condominium units. Club Racing Operations segment is engaged in the operation and maintenance of racetracks and holding of horse races. Leasing segment is mainly engaged in the leasing of horse stables, condominium units, and other facilities. Sale of Food, Beverage and Services segment is involved in merchandising operations of food and non-food items, including the related services.
PHILIPPINE RACING CLUB, INC. 
