MJC Investments Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021 at 08:55 pm
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MJC Investments Corporation reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 37.33 million compared to PHP 25.92 million a year ago. Revenue was PHP 45.69 million compared to PHP 26.71 million a year ago. Net loss was PHP 140.88 million compared to PHP 152.64 million a year ago. Basic loss per share from continuing operations was PHP 0.044 compared to PHP 0.048 a year ago. Diluted loss per share from continuing operations was PHP 0.044 compared to PHP 0.048 a year ago.
For the nine months, sales was PHP 107.95 million compared to PHP 178.02 million a year ago. Revenue was PHP 124.16 million compared to PHP 197.43 million a year ago. Net loss was PHP 470.51 million compared to PHP 432.45 million a year ago. Basic loss per share from continuing operations was PHP 0.148 compared to PHP 0.136 a year ago. Diluted loss per share from continuing operations was PHP 0.148 compared to PHP 0.136 a year ago.
MJC Investments Corporation is engaged in the tourism and entertainment industries. Its purpose is to acquire by purchase, lease or otherwise, land or interest in land and realty, and to own, hold, improve, or develop said land or real estate so acquired, and to build or cause to be built on any lands owned, held, occupied or acquired, buildings, facilities, and other structures with their appurtenances, for residential, commercial, mixed-use, leisure, gaming, amusement and entertainment purposes. It operates in two segments: Gaming and non-gaming. Gaming segment is engaged in casino operations. Non-gaming segment is engaged in hotel operations. It owns and operates Winford Manila Resort and Casino (WMRC). WMRC is a resort in Greater Manila, specifically at the San Lazaro Tourism and Business Park situated in the Philippine capitalâs historic Chinese quarter. It has 128 all-suite rooms, a 700 seating capacity ballroom, a swimming pool, a dental clinic, fitness and business centres.