Melcor Developments (TSE:MRD) has released an update.
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Melcor Developments Ltd. has reported a strong second quarter for 2024 with revenues and funds from operations seeing notable increases, and a declared quarterly dividend of $0.11 per share. The company has experienced growth in Alberta’s land and housing industry, particularly in Edmonton and Calgary, and has continued to expand its portfolio, including the completion of properties under development. Despite market challenges, Melcor remains dedicated to delivering on its strategic initiatives and maintaining a robust balance sheet.
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