Brief: Millennium & Copthorne Hotels New Zealand Reports FY Profit Attributable NZ$40 Mln

Millennium & Copthorne Hotels New Zealand

18/02/2022 01:25

Feb 18 (Reuters) - Millennium & Copthorne Hotels New Zealand
Ltd  MCK.NZ :
    * FY PROFIT ATTRIBUTABLE NZ$40.0 MILLION VERSUS NZ$48.5
MILLION
    * 2021 REVENUE TOTALED NZ$164.8 MILLION VERSUS NZ$172.0
MILLION
    * RESOLVED TO DECLARE AND PAY FULLY IMPUTED DIVIDEND OF 3.5
NZ
CENTS PER SHARE FOR 2021 BE PAID ON 13 MAY
    * CURRENT LOW OCCUPANCY AND DOMESTIC ORIENTATED ENVIRONMENT
WILL
CONTINUE FOR MOST, IF NOT ALL, OF YEAR
    * EXPECT OUR PROPERTY DEVELOPMENT ACTIVITIES TO CONTINUE
WITH
THEIR POSITIVE MOMENTUM THROUGHOUT 2022
    * LOOKING AT A HALF YEAR OF BREAK-EVEN RESULTS FOR H1 2022
FOR
HOTEL OPERATIONS
    * DIVIDEND ALLOWS MCK TO RETAIN ADDITIONAL FUNDS FOR ONGOING
REFURBISHMENT AND UPGRADE CAPITAL WORKS IN 2022

Further company coverage:  MCK.NZ 

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