LAS VEGAS MGM Mirage reported earnings of $0.42 per diluted share for the three months ended December 31, 2000, compared with $0.34 per diluted share in the 1999 fourth quarter. Excluding pre-opening expenses, the company reported a 19% increase in earnings per share to $0.43 per share for the 2000 fourth quarter, up from $0.36 per share in the prior year s quarter. For the 12 months ended December 31, 2000, earnings per share rose 51% to $1.09 from $0.72 in 1999.
On a pro forma basis to account for the Mirage Resorts acquisition in both periods, revenue grew 2% to $1.1 billion while EBITDA rose 10% to $316.9 million in the 2000 quarter. For the 12 months December 31, 2000, pro forma same-store net revenue increased 4% while same-store EBITDA grew an impressive 14%. (2/1/01)