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M&C's Q1 net profit falls on challenging hospitality markets

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M&C's core hotel revenue fell by 2.9 per cent from a year ago to £165 million in Q1 2016

Singapore

MILLENNIUM & Copthorne Hotels plc (M&C) on Thursday posted a net profit of £6 million (S$11.8 million) for the first quarter of 2016, down from £8 million a year ago, on challenging conditions facing its major hospitality markets, prompting the group chairman to warn of