Reuters logo
M&C Hotels first-quarter profit falls 15.5 pct
May 1, 2014 / 6:21 AM / 3 years ago

M&C Hotels first-quarter profit falls 15.5 pct

May 1 (Reuters) - Millennium & Copthorne Hotels Plc’s first-quarter profit fell 15.5 percent, hurt by sluggish growth in Asia and the higher cost of refurbishing some of its key hotels.

Pretax profit fell to 20.1 million pounds ($33.94 million) in the quarter ended March 31 from 23.8 million pounds a year earlier.

Revenue at the company, which operates the Millennium, Grand Millennium, Copthorne and Kingsgate hotels, fell 0.3 percent to 175.3 million pounds. ($1 = 0.5922 British Pounds) (Reporting by Aastha Agnihotri in Bangalore; Editing by Robin Paxton)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below