Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
MELCO INT'L DEV Expects Loss of $1.78B Max. Last Yr Due to Asset Impairment
Recommend 2 Positive 4 Negative 5 |
||||
|
||||
|
MELCO INT'L DEV (00200.HK) announced that it is expected to record impairment on assets from around $838 million to $1.024 billion in relation to Studio City, a cinematically-themed integrated resort in Cotai, Macau, which will increase the loss for the period by $777.4-956 million. The group predicted to log a full-year loss of $1.592-1.775 billion, as compared to the loss of $3.494 billion for the same period in 2023. MELCO INT'L DEV also pointed out that the aforementioned expected impairment is a non-cash item and will not impact its cash flow, operations, or liquidity. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
