Melco Holdings raises full-year earnings forecasts on strong sales

Melco Holdings (TSE:6676) announced it has revised its full-year consolidated earnings forecasts for the fiscal year ending March 31, 2025. The company now anticipates net sales of ¥140 billion, up from the previously announced ¥133 billion. Operating profit and ordinary profit are both projected to reach ¥8.2 billion, a significant increase from the initial forecast of ¥5.2 billion. Profit attributable to owners of the parent is now expected to be ¥5.9 billion, compared to the prior forecast of ¥3.4 billion, resulting in earnings per share of ¥377.17. The company attributes the upward revision to successful efforts to maintain sales volume and improve revenue through price increases despite adverse market conditions, coupled with sales exceeding forecasts for "Airdog" air purifiers and AMD "Ryzen" CPUs, and an expected gain on the sales of certain investment securities.