EDMONTON, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the quarter ended June 30, 2018. Revenue for the quarter was $42.79 million, down 9% over Q2-2017. Year to date revenue was $87.21 million, up 2% over the same period last year. Revenue growth was driven by increased sales in the Community Development division which led to a 7% increase in divisional revenue for the year coupled with stable results in our income-producing divisions.