Millennium & Copthorne Hotels New Zealand LimitedNZX: MCK

MCK: Returned to profitability with $8.5m net profit, led by hotel segment growth

· Issued by Millennium & Copthorne Hotels New Zealand Limited

Net profit rebounded to $8.5m from a $10.2m loss year-over-year, driven by strong hotel operations despite a 7% revenue decline. Major hotel acquisition and increased borrowings marked the period.

Original document:

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

Earlier from Millennium & Copthorne Hotels New Zealand

All Millennium & Copthorne Hotels New Zealand news releases