Melcor Developments Ltd. operates in the Subdividers and developers sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Melcor Developments Ltd. with three other
Real estate operators in North America:
St Joe Co
of UNITED STATES
(2020
sales of $160.56 million
of which 47%
was Residential),
Stratus Properties Inc.
of UNITED STATES
($61.02 million
of which 38%
was Leasing Operations), and
Genesis Land Development Corp.
(103.93 million Canadian Dollars [US$81.90 million]
of which 72%
was Home Building).
Sales Analysis.
Sales were up sharply during the second
quarter of 2021 versus the previous year's second quarter.
During the second
quarter of 2021, sales at Melcor Developments Ltd. totalled
C$65.55 million.
This is
an increase of 67.8%
from the C$39.05 million in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Melcor Developments Ltd. in the previous 35 quarters.
During the first two
quarters of 2021, sales totalled C$108.82 million, which is
49.4% higher
than through the first two quarters of 2020.
Sales at Melcor Developments Ltd. appear to have some seasonality: during each of the previous 9
years, sales have been highest during the fourth quarter, which has accounted for
between 34.8% and 51.6%
of the annual
sales.
Melcor Developments Ltd. reported sales of C$226.82 million (US$178.74 million)
for the
year ending
December of 2020.
This
represents
an
increase of 9.1%
versus 2019, when the company's sales were C$207.97 million.
Despite this increase, sales are still
well
below the level achieved in 2018, when Melcor Developments Ltd.
reported sales of C$267.43 million.
Sales of Reit saw an increase
of
4.8% in 2020, from
C$71.16 million to C$74.57 million.
Not all segments of Melcor Developments Ltd. experienced an increase in sales in 2020:
sales of Recreation Property fell 9.0% to C$7.70 million.
(However, this segment's sales were only a very small portion of the company's overall sales).
Melcor Developments Ltd. also experienced decreases in sales in
Community Development (down 6.6% to C$115.09 million)
and
Property Development (down 5.5% to C$40.19 million)
and
Investment Property (down 3.8% to C$38.00 million)
.