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MCK: Record revenue and robust hotel growth offset by property headwinds; profit and assets up

MCK: Record revenue and robust hotel growth offset by property headwinds; profit and assets up

Millennium & Copthorne Hotels New Zealand LimitedFebruary 17, 20265
MCK: Record revenue and robust hotel growth offset by property headwinds; profit and assets up

About this update from Millennium & Copthorne Hotels New Zealand Limited

Revenue reached a five-year high, driven by strong hotel performance and strategic acquisitions, while operating profit declined due to property market headwinds. Profit after tax rebounded, and the balance sheet remains robust, with continued investment in refurbishments and sustainability initiatives.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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