• M&C Q3 revenue rises 11.7%

Millennium and Copthorne reported an 11.7% increase in revenue for the third quarter, to £185.9m.

Pre-tax profit was up by 76.7% to £41.7m, with revpar increasing by 12.9%, rising across the group’s geographic regions. It was driven by a combination of higher occupancy, up 2.5 percentage points, and a 9.1% increase in room rate.

See the full release here:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10705547

Share →