Business
MCK: Strong revenue and profit growth offset by a one-off tax charge, resulting in a net loss
MCK: Strong revenue and profit growth offset by a one-off tax charge, resulting in a net loss
About this update from Millennium & Copthorne Hotels New Zealand Limited
Revenue rose 42% to $85.3m and profit before tax nearly doubled, but a $25.8m one-off tax adjustment led to a net loss. Excluding this, adjusted profit after tax was $12.6m, with strong hotel and property sales performance. 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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