Manila Jockey Club, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 16, 2020 at 07:23 pm EDT
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Manila Jockey Club, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 58.792 million compared to PHP 374.590 million a year ago. Net loss was PHP 110.793 million compared to net income of PHP 10.702 million a year ago. Basic loss per share was PHP 0.0741 compared to basic earnings per share of PHP 0.0072 a year ago. For the half year, total revenue was PHP 441.497 million compared to PHP 757.626 million a year ago. Net loss was PHP 105.918 million compared to net income of PHP 29.510 million a year ago. Basic loss per share was PHP 0.0709 compared to basic earnings per share of PHP 0.0197 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. 
