Melcor Developments Reports Q3 Results and Dividend

Melcor Developments (TSE:MRD) has released an update.

Melcor Developments reported a decline in third-quarter revenue to $59.51 million, influenced by a lack of US sales and increased expenses related to a potential transaction with its REIT. Despite these challenges, the company remains committed to maintaining a strong balance sheet, reducing debt by 7.8% over the past year, and has declared a quarterly dividend of $0.11 per share.

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