Philippine Racing Club, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
July 01, 2020 at 01:57 am
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Philippine Racing Club, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was PHP 74.145 million compared to PHP 154.768 million a year ago. Net loss was PHP 68.931 million compared to net income of PHP 68.580 million a year ago. Basic loss per share was PHP 0.126 compared to basic earnings per share of PHP 0.125 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. 
