Philippine Racing Club, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 09:16 pm EDT
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Philippine Racing Club, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 56.756 million compared to PHP 18.194 million a year ago. Net income was PHP 75.885 million compared to net loss of PHP 78.492 million a year ago. Basic earnings per share from continuing operations was PHP 0.139 compared to basic loss per share from continuing operations of PHP 0.144 a year ago. For the half year, total revenue was PHP 120.481 million compared to PHP 92.339 million a year ago. Net income was PHP 59.248 million compared to net loss of PHP 147.424 million a year ago. Basic earnings per share from continuing operations was PHP 0.108 compared to basic loss per share from continuing operations of PHP 0.27 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. 
