Total revenues for the second quarter of 2000 increased to $98.7 million versus $44.6 million in the 1999 second quarter.
Operating income for the second quarter was $22.2 million compared to $9.6 million for the comparable quarter in 1999. Net income totaled $3.7 million, or $0.07 per diluted share, compared to $6.8 million or $0.16 per diluted share in the prior-year period.
During the second quarter, ISC hosted thirteen major races at seven facilities, including nine stock car, one truck and three open wheel events. Highlights of the quarter included four weekends of NASCAR Winston Cup and Busch Series events at Darlington Raceway, Talladega Superspeedway, California Speedway and Richmond International Raceway.
Said James C. France, president and chief operating officer of ISC: "The second quarter benefited from a busy and successful racing schedule. The Winston Cup events at California and Richmond yielded record results and marked our first Winston Cup events since acquiring the facilities last year. Both of these events as well as the Winston Cup event at Talledega were sold out.?
US motorsports promoter, the International Speedway Corporation (ISC), has reported financial results for the second quarter ended May 31, 2000.
