Main takeaway: Listed hotellier highlights benefit to come from economic recovery and lower interest rates and inflation, with pipeline of development.
Shares in NZX-listed Millennium & Copthorne Hotels bounced 10% after the company reported improved revenue and gave an upbeat outlook for the year ahead.
The company’s full-year revenue to December rose 21% to $176.2 million, while profit after tax dropped 87% to $2.8m because of a one-off,
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Main takeaway: Listed hotellier highlights benefit to come from economic recovery and lower interest rates and inflation, with pipeline of development.
