UPDATE: Melco Crown Swings To First-Half Profit

Melco Crown Entertainment Ltd MPEL swung to a first-half profit on Tuesday. Melco Crown reported its net profit for the period at $73.8 million, versus a loss of $42.6 million, in the year-ago period. Melco Crown shares surged 10.39% to $12.75 in pre-market trading.
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