Melcor Developments announces results for 2020 and increases dividend by 25% to $0.10 per share
% 2020 revenue grew by 9% as a result of growth in Community Development division revenue. Our Harmony community in the US contributed $34.16 million to revenue as we both developed and sold out our second phase (181 lots). We also sold additional lots in phase one and have only four lots remaining and they are reserved for a future showhome parade. US revenue, which includes both investment properties and residential development, made up 22% of total revenue. Our portfolio of income properties grew 1% to 4.63 million sf via properties constructed and transferred internally. The Property Deve...
Source: leaderpost.com