Millennium & Copthorne Hotels' Q1 profit doubles to £26m

Singapore

LONDON-LISTED Millennium & Copthorne Hotels (M&C) posted a profit before tax of £26 million (S$46.92 million) for the first quarter ended March 31, 2018, double that of the same period a year ago in constant currency terms.

The rise in profit was helped by a gain of £3 million from the disposal of Mercure Brisbane and Ibis Brisbane, both owned by CDL Hospitality Trust (CDLHT).