Philippine Racing Club, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 02:48 am
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Philippine Racing Club, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was PHP 28.688 million compared to PHP 32.975 million a year ago. Net income was PHP 10.524 million compared to PHP 8.748 million a year ago. Basic earnings per share was PHP 0.0193 compared to PHP 0.016 a year ago. For the nine months, sales was PHP 87.966 million compared to PHP 109.359 million a year ago. Net income was PHP 42.383 million compared to PHP 12.390 million a year ago. Basic earnings per share was PHP 0.0775 compared to PHP 0.0227 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. 
