Manila Jockey Club, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
June 02, 2022 at 07:49 pm EDT
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Manila Jockey Club, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 105.78 million compared to PHP 112.57 million a year ago. Net loss was PHP 35.47 million compared to PHP 66.7 million a year ago. Basic loss per share from continuing operations was PHP 0.0237 compared to PHP 0.0446 a year ago. Diluted loss per share from continuing operations was PHP 0.0237 compared to PHP 0.0446 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. 
