Manila Jockey Club, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2018
November 14, 2018 at 09:04 pm EST
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Manila Jockey Club, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company announced revenues of PHP 215,700,138 compared to PHP 208,752,780 for the same period a year ago. Loss before income tax was PHP 89,469,321 compared to PHP 21,258,974 for the same period a year ago. Net loss attributable to equity holders of the parent company was PHP 96,624,993 compared to PHP 22,152,697 for the same period a year ago. Basic and diluted loss per share was PHP 0.0972 compared to PHP 0.0222 for the same period a year ago. Net cash provided by operating activities was PHP 48,117,636 compared to PHP 19,383,114 for the same period a year ago. Acquisitions of property and equipment were PHP 10,770,079 compared to PHP 7,772,671 for the same period a year ago. Book value per share as at September 30, 2018 was PHP 3.81.
For the nine months, the company announced revenues of PHP 606,011,843 compared to PHP 511,882,648 for the same period a year ago. Loss before income tax was PHP 116,729,102 compared to PHP 106,799,218 for the same period a year ago. Net loss attributable to equity holders of the parent company was PHP 132,887,172 compared to PHP 112,802,931 for the same period a year ago. Basic and diluted loss per share was PHP 0.1334 compared to PHP 0.1132 for the same period a year ago. Net cash provided by operating activities was PHP 97,674,952 compared to PHP 19,159,686 for the same period a year ago. Acquisitions of property and equipment were PHP 22,579,442 compared to PHP 27,185,491 for the same period 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.