Manila Jockey Club, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 06:46 pm EST
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Manila Jockey Club, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was PHP 445.310 million compared to PHP 215.700 million a year ago. Net income was PHP 49.361 million compared to net loss of PHP 96.624 million a year ago. Basic earnings per share was PHP 0.03 compared to basic loss per share of PHP 0.09 a year ago. For the nine months, sales was PHP 1,202.936 million compared to PHP 606.011 million a year ago. Net income was PHP 78.872 million compared to net loss of PHP 76.790 million a year ago. Basic earnings per share was PHP 0.04 compared to basic loss per share of PHP 0.14 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. 
