Manila Jockey Club, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 23, 2022 at 08:10 pm EDT
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Manila Jockey Club, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 85.62 million compared to PHP 83.38 million a year ago. Revenue was PHP 123.05 million compared to PHP 108.17 million a year ago. Net income was PHP 1,342.91 million compared to net loss of PHP 27.88 million a year ago. Basic earnings per share from continuing operations was PHP 0.8987 compared to basic loss per share from continuing operations of PHP 0.0187 a year ago. Diluted earnings per share from continuing operations was PHP 0.8987 compared to diluted loss per share from continuing operations of PHP 0.0187 a year ago.
For the six months, sales was PHP 165.32 million compared to PHP 163.18 million a year ago. Revenue was PHP 228.83 million compared to PHP 220.74 million a year ago. Net income was PHP 1,307.44 million compared to net loss of PHP 94.58 million a year ago. Basic earnings per share from continuing operations was PHP 0.875 compared to basic loss per share from continuing operations of PHP 0.0633 a year ago. Diluted earnings per share from continuing operations was PHP 0.875 compared to diluted loss per share from continuing operations of PHP 0.0633 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. 
