Melco China Profits From Growth of Ski Industry09-06-08
Melco China, the owner of China?s leading ski resorts, has reported a 27 per cent growth in revenue. The company?s revenue now exceeds $1 billion having purchased China?s leading ski resort, Yabuli, as well as three ski areas in Jilin Province and another near Beijing. Since March 2007, Melco China has set about acquiring ?the largest and most exceptional portfolio of irreplaceable, existing ski resorts with the best mountains, location advantages, dominant market positions and healthy expansion potential?, as outlined in a company statement. As a result, Melco China is now well positioned to dominate ski resort development within China?s growing ski industry.
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