Melco International (HK:0200) has released an update.
Melco Resorts & Entertainment Limited, a subsidiary of Melco International, has reported a substantial increase in its second quarter revenues for 2024, with a 22% rise to US$1.16 billion, driven by growth in mass market and non-gaming sectors. The company experienced a turnaround with a net income of US$21.4 million, as opposed to a net loss in the same quarter of the previous year. These positive financial results reflect a continued recovery in tourism to Macau, with significant improvements in operating income and adjusted property EBITDA.
For further insights into HK:0200 stock, check out TipRanks’ Stock Analysis page.
