Manila Jockey Club, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 15, 2018 at 01:40 am EDT
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Manila Jockey Club, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of PHP 172,732,793 against PHP 142,578,143 a year ago. Loss before income tax was PHP 49,616,806 against PHP 38,137,477 a year ago. Net loss attributable to equity holders of the parent company was PHP 52,158,960 or PHP 0.0524 per basic and diluted share against PHP 38,591,848 or PHP 0.0387 per basic and diluted share a year ago. Net cash provided by operating activities was PHP 16,311,344 against net cash used in operating activities of PHP 44,528,585 a year ago. Acquisition of property and equipment was PHP 3,513,095 against PHP 8,877,407 a year ago. Book value per share as at March 31, 2018 was PHP 3.94.
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. 
