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

About this update from 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.
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