Philippine Racing Club, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 12:09 am
Share
Philippine Racing Club, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 18.194 million compared to PHP 188.346 million a year ago. Net loss was PHP 78.492 million compared to PHP 36.721 million a year ago. Basic loss per share was PHP 0.144 compared to PHP 0.067 a year ago. For the half year, total revenue was PHP 92.339 million compared to PHP 343.115 million a year ago. Net loss was PHP 147.424 million compared to net income of PHP 31.858 million a year ago. Basic loss per share was PHP 0.27 compared to basic earnings per share of PHP 0.058 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. 
