Summary by Moomoo AI
Melco International Development Limited announced its interim performance for the six months ended June 30, 2024, with a net income of HK$17.77 billion, an increase of 36.3% compared to the same period last year. The growth is mainly attributed to the continuous recovery of the number of tourists in Macau, which has improved the performance of the Group's entertainment and hotel businesses. The adjusted EBITDA for the period was HK$4.49 billion, an increase compared to the same period last year. The after-tax loss narrowed to HK$0.44 billion, with a basic loss per share of HK$0.17. The Board of Directors recommends no interim dividend. Melco International continues to invest in diversified cultural tourism projects and is collaborating with John Keells Holdings PLC to develop Sri Lanka's first integrated resort project, which is expected to bring ideal returns to the Group.
