Melcor Developments announces third quarter results, declares quarterly dividend of $0.12 per share, and announces CEO succession plan

EDMONTON, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2021. Company year-to-date revenue was up 13% to $165.03 million compared to 2020. Community Development division revenue increased 30% over the same period in 2020.

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