Melco Int'l Dev (00200.HK): Melco Resorts and Entertainment repurchased a total of 8.3354 million American depositary shares.
On August 19th, Melco International Development (00200.HK) released an announcement, stating that its subsidiary, Melco Resorts and Entertainment (which has its American Depository Shares listed on the Nasdaq Global Select Market in the USA), informed the company that, in accordance with the share repurchase plan announced on June 3, 2024 and since its adoption, Melco Resorts and Entertainment has repurchased a total of 8.3354 million American Depository Shares (equivalent to 25.0061 million shares of Melco Resorts and Entertainment), at a total cost (excluding expenses) of approximately $44.4989 million (equivalent to approximately $0.347 billion Hong Kong dollars) on the open market.
Melco Resorts & Entertainment to Quickly Raise EBITDA in Next Quarters After Weak Q2, S&P Says
Melco (MLCO) Q2 Earnings & Revenues Miss Estimates, Rise Y/Y
Melco Resorts and Entertainment (MLCO.US) had a total revenue of 1.16 billion US dollars in the second quarter, an increase of 22% year-on-year.
On August 14th, Kelon Huinews reported that Melco Resorts and Entertainment (MLCO.US) released unaudited financial results for the second quarter of 2024. The total revenue for the second quarter of 2024 was $1.16 billion, an increase of about 22% year-on-year. The net income attributable to the parent company for the second quarter of 2024 was $21.4 million; the net loss attributable to non-controlling interests was $22.7 million, compared with $27.7 million in the same period last year. Each American depositary share (ADS) is $0.05. CEO Lawrence Ho commented, "We continue to develop and expand revenue in the second quarter of 2024."
Melco Resorts and Entertainment | 6-K: Report of foreign private issuer (related to financial reporting)
BofA Securities Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $7.5
