Melco Crown carries on

 

Melco Crown Entertainment (MPEL) posted marginal profit gains in the fourth quarter, lumbering costs from its Philippines project and Studio City financing. Fourth-quarter net income rose to US$108 million from $107.5 million a year earlier, according to a statement to the Hong Kong Stock Exchange. Revenue increased 9.3 percent to $1.1 billion, above analysts’ estimates. Adjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) was up 6.9 percent to $247.5 million.