Melco International Development's H1 Loss Shrinks as Revenue Surges 36%

MT Newswires Live09-25

Melco International Development (HKG:0200) recorded a loss attributable to owners of HK$253.2 million for the six months ended June 30, narrower than HK$733.2 million last year, a Wednesday filing with the Hong Kong exchange said.

Loss per share attributable to owners stood at HK$0.17 for the reporting period, compared with HK$0.49 a year ago.

The casino and hospitality business company's revenue for the first half of the year was HK$17.8 billion, 36.3% higher than HK$13.0 billion booked a year ago.

The company attributed the increase in revenue to the continued recovery of tourism in Macau resulting in the recovery of revenues from the company's casino and hospitality businesses.

The company's shares were down nearly 2% in recent trade.

Price (HKD): $4.28, Change: $-0.050, Percent Change: -1.15%

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