Melco International Sees Strong Q3 2024 Growth
Company Announcements

Melco International Sees Strong Q3 2024 Growth

Melco International (HK:0200) has released an update.

Melco Resorts & Entertainment Limited reported a robust growth in its third-quarter 2024 financial results, with total operating revenues rising to $1.18 billion, a 16% increase from the previous year, driven by a recovery in Macau’s tourism sector. The company’s operating income improved to $138.6 million, and net income reached $27.3 million, marking a significant turnaround from a loss in the prior year. This growth is attributed to strategic initiatives like new loyalty programs and enhanced gaming experiences.

For further insights into HK:0200 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskMelco International’s Subsidiary Shows Strong Q3 Performance
TipRanks HongKong Auto-Generated NewsdeskMelco International Sets Board Meeting for Interim Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App