Manila Jockey Club, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:22 am EST
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Manila Jockey Club, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 74.81 million compared to PHP 79.39 million a year ago. Revenue was PHP 109.91 million compared to PHP 101.49 million a year ago. Net loss was PHP 103.32 million compared to PHP 46.54 million a year ago. Basic loss per share from continuing operations was PHP 0.0691 compared to PHP 0.0311 a year ago. Diluted loss per share from continuing operations was PHP 0.0691 compared to PHP 0.0311 a year ago.
For the nine months, sales was PHP 240.13 million compared to PHP 242.57 million a year ago. Revenue was PHP 338.74 million compared to PHP 322.22 million a year ago. Net income was PHP 1,204.12 million compared to net loss of PHP 143.12 million a year ago. Basic earnings per share from continuing operations was PHP 0.8058 compared to basic loss per share from continuing operations of PHP 0.0959 a year ago. Diluted earnings per share from continuing operations was PHP 0.8058 compared to diluted loss per share from continuing operations of PHP 0.0959 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. 
