Summary by Futu AI
Melco International Development Limited announced its interim results for the six months ended June 30, 2024, with a net income of HKD 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 Macau's tourist numbers, which has driven improvements in the group's entertainment and hotel businesses. The adjusted EBITDA for the period was HKD 4.49 billion, an increase compared to the same period last year. After-tax loss narrowed to HKD 0.44 billion, with a basic loss per share of HKD 0.17. The board of directors recommends not distributing interim dividends. Melco International continues to invest in diversified cultural tourism projects, and has partnered with John Keells Holdings PLC to develop Sri Lanka's first integrated resort project, which is expected to bring ideal returns to the group.