Manila Jockey Club, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 06:49 pm EST
Share
Manila Jockey Club, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was PHP 81.126 million compared to PHP 445.310 million a year ago. Net loss was PHP 63.074 million compared to net income of PHP 49.361 million a year ago. Basic loss per share from continuing operations was PHP 0.0422 compared to basic earnings per share from continuing operations of PHP 0.033 a year ago. Diluted loss per share from continuing operations was PHP 0.042 compared to diluted earnings per share from continuing operations of PHP 0.033 a year ago. For the nine months, total revenue was PHP 522.623 million compared to PHP 1,202.936 million a year ago. Net loss was PHP 169.321 million compared to net income of PHP 78.872 million a year ago. Basic loss per share from continuing operations was PHP 0.1133 compared to basic earnings per share from continuing operations of PHP 0.0528 a year ago. Diluted loss per share from continuing operations was PHP 0.113 compared to diluted earnings per share from continuing operations of PHP 0.053 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. 
