Millennium & Copthor Hotels profit rises

Writer, Stock Market Wire
Monday, October 30, 2017 - 07:11

Millennium & Copthor Hotels reported a 19.6% increase in third-quarter profit after revenue per available room rose.

Pre-tax profit for the three months through September rose to £55m, up from £46m the previous year. Revenue grew by 6.5% to £263m.

On a constant currency basis, group revenue per available room was up by 1.8% for the three weeks ended 21 October 2017.


Related content

Millennium & Copthorne Hotels profit slumps 28%

Millennium & Copthorne Hotels booked a 28% slump in annual profit, owing to write downs, higher operating costs and disruptions caused by an overhaul of...

Fri, 15/02/2019 - 07:35


Broker Forecast - Berenberg issues a broker note on Millennium & Copthorne Hotels PLC

Berenberg today reaffirms its hold investment rating on Millennium & Copthorne Hotels PLC (LON:MLC) and cut its price target to 500p (from 550p).

Broker Forecasts...

Thu, 17/01/2019 - 12:30


Millennium & Copthorne inks operating pact with Hilton for London luxury hotel

Millennium & Copthorne Hotels said it had entered into a 10-year agreement with Hilton for the operation of its new five-star hotel in London Mayfair....

Tue, 08/01/2019 - 09:48


Millennium & Copthor Hotels profit slumps 38% as costs rise

Millennium & Copthor Hotels booked a 38% drop in third-quarter profit and warned that rising labor costs were being exacerbated by Brexit uncertainty.

Pre-tax profit...

Fri, 02/11/2018 - 07:53


Millennium & Copthor Hotels profit nudges higher as Asia offsets London weakness

Millennium & Copthor Hotels posted a 3.2% rise in first-half profit after revenue growth in Asia was offset by falling revenue in London.

Pre-tax profit...

Fri, 03/08/2018 - 07:58