Brief: Millennium & Copthorne Hotels New Zealand Says FY Profit Attributable NZ$49.7 Mln

Millennium & Copthorne Hotels New Zealand

10/02/2020 03:41

Feb 10 (Reuters) - Millennium & Copthorne Hotels New Zealand
Ltd  MCK.NZ :
    * FY PROFIT ATTRIBUTABLE NZ$49.7 MILLION VERSUS NZ$49.4
MILLION
    * FY REVENUE NZ$229.7 MILLION VERSUS NZ$218.8 MILLION
    * RECENT TRAVEL ISSUES FROM CORONAVIRUS WILL IMPACT Q1
OPERATIONS
& RESULTS
    * RESOLVED TO DECLARE A FULLY IMPUTED DIVIDEND OF 7.5 CENTS
PER
SHARE
    * EXPECTS CO'S LAND DEVELOPMENT OPERATIONS TO DELIVER
POSITIVE
CONTRIBUTIONS TO BOTTOM LINE IN FY
    * CANCELLATIONS FROM CHINESE OPERATORS TO RESULT IN REVENUE
LOSS
BETWEEN NZ$2 MILLION & NZ$3 MILLION FOR FUTURE MONTHS

Source text for Eikon:  ID:nNZW716n5w 
Further company coverage:  MCK.NZ 

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