Philippine Racing Club, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 05:01 am EDT
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Philippine Racing Club, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 15.2 million compared to PHP 15.79 million a year ago. Revenue was PHP 28.08 million compared to PHP 56.76 million a year ago. Net loss was PHP 51.07 million compared to net income of PHP 75.89 million a year ago. Basic loss per share from continuing operations was PHP 0.093 compared to basic earnings per share from continuing operations of PHP 0.139 a year ago. Diluted loss per share from continuing operations was PHP 0.093 compared to diluted earnings per share from continuing operations of PHP 0.139 a year ago.
For the six months, sales was PHP 35.75 million compared to PHP 38.65 million a year ago. Revenue was PHP 80.04 million compared to PHP 120.48 million a year ago. Net loss was PHP 55.56 million compared to net income of PHP 59.25 million a year ago. Basic loss per share from continuing operations was PHP 0.102 compared to basic earnings per share from continuing operations of PHP 0.108 a year ago. Diluted loss per share from continuing operations was PHP 0.102 compared to diluted earnings per share from continuing operations of PHP 0.108 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. 
