Millennium & Copthorne Q2 pretax profit up

Singapore

LONDON-LISTED Millennium & Copthorne Hotels (M&C) posted a profit before tax of £50 million (S$89.2 million) for the second quarter ended June 30, up 22 per cent year on year in constant currency terms.

The revenue of the hotel arm of Singapore's City Developments Ltd went up by 6.1 per cent to £262 million from a year ago, with increased contributions from hotel trading and property, offset by reduced revenue from CDL Hospitality Trusts.