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M&C posts 11.6% drop in Q2 profit to £38m

Singapore

MILLENNIUM & Copthorne Hotels (M&C), the London-listed hotel arm of Singapore's City Developments Limited, posted an 11.6 per cent drop in profit before tax to £38 million (S$68 million) in its second quarter, while revenue inched up 5.1 per cent from £215 million to £...

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