Manila Jockey Club, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
May 17, 2022 at 03:37 am EDT
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Manila Jockey Club, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was PHP 438.34 million compared to PHP 625.79 million a year ago. Net loss was PHP 203.18 million compared to PHP 1,570.49 million a year ago. Basic loss per share from continuing operations was PHP 0.136 compared to PHP 1.051 a year ago. Diluted loss per share from continuing operations was PHP 0.136 compared to PHP 1.051 a year ago.
Manila Jockey Club, Inc. is a Philippines-based company. The Company is engaged in the construction, operations and maintenance of a racetrack located in Cavite, Philippines and in the holding or conducting of horse races therein with betting both directly or indirectly by means of mechanical, electric and/or computerized totalizator. It conducts horse race betting operations, through more than 250 Off Track Betting (OTB) stations that are owned and franchised around the country, as well as from bets placed at its Turf Club. The Company is also engaged in the development and sale of condominium units and residential properties, and lease of an office building through joint venture (JV) arrangements with certain developers. It has various condominium and office towers at the San Lazaro Business and Tourism Park township in Santa Cruz, Manila, and from the suburban Canyon Ranch development located at the San Lazaro Leisure Park in Carmona, Cavite, in partnership with Century Properties.
MANILA JOCKEY CLUB, INC. 
