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Melco International Development Ltd Issues FY 2012 Net Profit Guidance Above Analysts' Estimates

Thursday, 21 Mar 2013 12:18am EDT 

Melco International Development Ltd announced that based on the Company's unaudited consolidated management accounts prepared in accordance with HKFRS, the net profit of the Company for fiscal 2012 is expected to be approximately four times of that for fiscal 2011. The substantial increase in net profit for fiscal 2012 as compared to a net profit of around HKD 281.4 million for fiscal 2011 is primarily attributable to the significantly improved operating results of its key listed associate, Melco Crown Entertainment, based on its announced unaudited results for fiscal 2012. The Company reported net income of HKD496.48 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of HKD945.25 million for fiscal 2012. 

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-0.18 -1.06%
19 Dec 2014