Millennium & Copthorne Hotels NZ falls on weak earnings

Millennium & Copthorne Hotels New Zealand

10/08/2022 06:02

** Shares of Millennium & Copthorne Hotels New Zealand Ltd
 MCK.NZ  drop as much as 4.4% to NZ$2.19 - set for worst session
since July 27, if losses hold 
    ** Co posts half-yearly profit attributable of NZ$15.4 mln
($9.68 mln), compared with NZ$31.3 mln posted a year earlier
 urn:newsml:reuters.com:*:nNZWbVTVyG
    ** Posts HY revenue of NZ$83.7 mln vs NZ$98.4 mln 
    ** Global events of the last six months have impacted our
recovery path and the ongoing effects of pandemic continue to
make our business very challenging - MCK chairman Colin Sim
    ** Stock had fallen 1.7% this year, as of last close
 ($1 = 1.5908 New Zealand dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))