Philippine Racing Club, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019
May 20, 2019 at 07:25 pm EDT
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Philippine Racing Club, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported total revenues of PHP 154,768,377 against PHP 91,017,155 a year ago. Net income was PHP 68,580,199 or PHP 0.1254 per share against net loss of PHP 54,672,751 or PHP 0.1000 per 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. 
