Philippine Racing Club, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 16, 2021 at 06:33 am IST
Share
Philippine Racing Club, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 19.87 million compared to PHP 17.47 million a year ago. Revenue was PHP 65.5 million compared to PHP 68.28 million a year ago. Net loss was PHP 5.61 million compared to PHP 5.73 million a year ago. Basic loss per share from continuing operations was PHP 0.01 compared to PHP 0.01 a year ago. Diluted loss per share from continuing operations was PHP 0.01 compared to PHP 0.01 a year ago.
For the nine months, sales was PHP 58.52 million compared to PHP 80.1 million a year ago. Revenue was PHP 185.98 million compared to PHP 160.62 million a year ago. Net income was PHP 53.64 million compared to net loss of PHP 153.15 million a year ago. Basic earnings per share from continuing operations was PHP 0.098 compared to basic loss per share from continuing operations of PHP 0.28 a year ago. Diluted earnings per share from continuing operations was PHP 0.098 compared to diluted loss per share from continuing operations of PHP 0.28 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. 