trending Market Intelligence /marketintelligence/en/news-insights/trending/iuHbogn613heVALpy71JqA2 content esgSubNav
In This List

Manila Jockey Club swings to profit in Q3

Case Study

Powering the markets of the future with data and AI


Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha


Battery metals - unbated long term need for supply security despite short-term headwinds

Manila Jockey Club swings to profit in Q3

Manila Jockey Club Inc. said its third-quarter normalized net income was 2.1 million pesos, compared with a loss of 136,590 pesos in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 2.1% from negative 0.1% in the year-earlier period.

Total revenue came to 97.7 million pesos, compared with 97.0 million pesos in the prior-year period, and total operating expenses came to 105.8 million pesos, compared with 106.5 million pesos in the prior-year period.

Reported net income came to 2.2 million pesos, or 0 centavos per share, compared to a loss of 3.6 million pesos, or a loss of 0 centavos per share, in the prior-year period.

As of Nov. 16, US$1 was equivalent to 47.20 Philippine pesos.