MGM MIRAGE REPORTS RECORD EARINGS

July 25, 2001 8:24 PM
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MGMG MIRAGE reported earnings of 47 cent per diluted share for the 2001 second quarter in comparison to the 13 cent per diluted share in the 2000 quarter.

Excluding nonrecurring expensenses , the company reported a 20% increase in earnings per share to 48 cents per share for the three months ended June 30, 2001, up from 40 cents per share in the priors year’s quarter.

Net income before nonrecurring expenses grew 27% to 77,3 million in the 2001 quarter from $60.7 million in the prior years quarter.