Philippine Racing Club, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 07:00 am
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Philippine Racing Club, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 15.31 million compared to PHP 19.87 million a year ago. Revenue was PHP 22.5 million compared to PHP 65.5 million a year ago. Net loss was PHP 28.73 million compared to PHP 5.61 million a year ago. Basic loss per share from continuing operations was PHP 0.053 compared to PHP 0.01 a year ago. Diluted loss per share from continuing operations was PHP 0.053 compared to PHP 0.01 a year ago.
For the nine months, sales was PHP 51.06 million compared to PHP 58.52 million a year ago. Revenue was PHP 102.55 million compared to PHP 185.98 million a year ago. Net loss was PHP 84.29 million compared to net income of PHP 53.64 million a year ago. Basic loss per share from continuing operations was PHP 0.154 compared to basic earnings per share from continuing operations of PHP 0.098 a year ago. Diluted loss per share from continuing operations was PHP 0.154 compared to diluted earnings per share from continuing operations of PHP 0.098 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. 
