Brief: Millennium & Copthorne Hotels New Zealand FY Revenue NZ$172 Mln

Millennium & Copthorne Hotels New Zealand

16/02/2021 20:45

Feb 17 (Reuters) - Millennium & Copthorne Hotels New Zealand
Ltd  MCK.NZ :
    * FY REVENUE NZ$ 172 MILLION VERSUS NZ$ 229.7 MILLION YEAR
AGO
    * FY PROFIT ATTRIBUTABLE NZ$46.0 MLN VS NZ$49.7 MLN
    * THIS SUMMER, SOME HOTELS SEEING SIGNIFICANTLY LESS
OCCUPANCY
COMPARED TO YEAR AGO
    * LESS OCCUPANCY IN HOTELS WILL BE VERY SIGNIFICANT TO 2021
RESULTS
    * SEES PROPERTY DEVELOPMENT ACTIVITIES TO PERFORM
POSITIVELY, WILL
BE MAIN DRIVER FOR PROFIT THIS YEAR
    * DURING 2021 WILL REVIEW CORE OPS

Source text for Eikon:  ID:nNZW1Lw2ZK 
Further company coverage:  MCK.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))