Philippine Racing Club, Inc. Announces Audited Consolidated Earnings Results for the Full Year Ended December 31, 2018
May 01, 2019 at 11:56 pm EDT
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Philippine Racing Club, Inc. announced audited consolidated earnings results for the full year ended December 31, 2018. For the year, the company reported total revenues of PHP 2,059,411,931 against PHP 898,302,425 a year ago. Net profit was PHP 570,058,141 or PHP 1.124 per basic and diluted share against PHP 262,018,948 or PHP 0.474 per basic and diluted share a year ago.
Philippine Racing Club, Inc. is a Philippines-based company, which is primarily engaged in the business of operating and maintaining a racetrack covered by its franchise and managing betting stations located within Metro Manila and other parts of the country. The Company is also engaged in acquiring and developing real estate property, including but not limited to leisure, recreational and memorial parks and owning, operating, managing and/or selling real estate. It operates through four segments. Real Estate Operations segment is engaged in real estate business, such as development and sale of land and condominium units. Club Racing Operations segment is engaged in the operation and maintenance of racetracks and holding of horse races. Leasing segment is mainly engaged in the leasing of horse stables, condominium units, and other facilities. Sale of Food, Beverage and Services segment is involved in merchandising operations of food and non-food items, including the related services.
PHILIPPINE RACING CLUB, INC. 
