Melco Crown Entertainment Income Increased By Almost 17% In The Second Quarter Of 2016
Net profit of the melco crown entertainment company increased by 16.8% in the second quarter of the current year compared to the same period of 2015 and amounted to $ 1.1 billion, informs the press service of the company in the interim financial statement.
Operating income increased 3.3 times – $ 72.4 million. For comparison: indicators of the same period last year – $ 22 million.
According to the report, the increase in net profit is associated with the net profit of the subsidiary melco crown entertainment – studio city that has been operating since 2015. Also on profit gains influenced caty of dreams casino revenue (manila).
Negative influence on the growth of net profit of the company provided gambling establishments located in macau – city of dreams and altira – casino’s net profit fell.
In the first 6 months of this year, melco crown entertainment received a profit of $ 2.2 billion, which is 10.3% more than 10.3% of the first half of 2015. Operating profit reached $ 138.2 million – 68.2% higher.
Recall: according to the beginning of 2016, melco crown entertainment ltd. Occupies almost 17% of macau’s gambling sector, which is a record indicator. According to experts, city of dreams has a positive effect on the company’s position in the macau market.