You are here

Millennium & Copthorne Hotels' profit falls; no special dividend

62492 - 08_06_2005.jpg
Millennium & Copthorne Hotels Plc said it would not pay a special dividend after posting a 36.3 per cent fall in full-year profit.

[LONDON] Millennium & Copthorne Hotels Plc said it would not pay a special dividend after posting a 36.3 per cent fall in full-year profit.

Pretax profit fell to 188 million pounds (S$388 million) in the year ended Dec. 31 from 295 million pounds a year earlier.

Revenue at the company, which operates the Millennium, Grand Millennium, Copthorne and Kingsgate hotels, fell 22.4 per cent to 826 million pounds.

The company's profit a year earlier was boosted by the sale of Glyndebourne condominium development in Singapore, it said.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom