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Hongkong Earnings Analysis: 
Melco Crown Net Loss
Author: Trupti Mehta
123jump.com
Last Update: 7:00 AM ET May 21 2009


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Melco Crown Entertainment Limited first quarter revenues fell 55% to $216.5 million and net loss was $35.3 million or 8 cents a share.

 
10:00AM Hongkong, China - Melco Crown Entertainment Limited revenue fell 55% and net loss was $35.3 million.

Melco Crown Entertainment Limited, the Hong Kong-based casino operator reported first quarter revenues fell 55% to $216.5 million from $482.9 million a year ago. Net loss in the quarter was $35.3 million or 8 cents per ADS compared to net profit of $43.2 million or 10 cents per ADS a year ago.
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