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Melcor Developments ( (TSE:MRD) ) has issued an update.
Melcor Developments reported a successful 2024 with a 12.6% increase in revenues and a 10.8% rise in earnings, driven by strong sales in Alberta’s real estate market. The company reduced its general debt by 8.8% and declared a $0.11 per share dividend. Melcor is also progressing with a strategic acquisition of its unowned equity interest in Melcor REIT, aiming to strengthen its market position despite economic challenges.
More about Melcor Developments
Melcor Developments Ltd. is an Alberta-based company specializing in real estate development and asset management. The company focuses on residential and commercial properties, with significant operations in the Edmonton and Calgary regions.
YTD Price Performance: -4.40%
Average Trading Volume: 455
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $256M
See more data about MRD stock on TipRanks’ Stock Analysis page.