Millennium & Copthorne Hotels New Zealand LimitedNZX: MCK

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

· Issued by 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.

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