Philippine Racing Club, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 24, 2022 at 02:28 am
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Philippine Racing Club, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 20.55 million compared to PHP 22.86 million a year ago. Revenue was PHP 51.97 million compared to PHP 63.72 million a year ago. Net loss was PHP 4.48 million compared to PHP 16.64 million a year ago. Basic loss per share from continuing operations was PHP 0.0082 compared to PHP 0.0304 a year ago. Diluted loss per share from continuing operations was PHP 0.0082 compared to PHP 0.0304 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. 
