• M&C reports ‘accelerated’ H1 performance

Millennium and Copthorne reported a 14% increase on the year in second-quarter revenue to £190.0m, in constant currency terms.

Revpar was up by 14.7% for the group and 5.6% in London, with profit before tax up 55.7% to £31.6m, from £19.5m in the same period last year. Kwek Leng Beng, chairman, said: "Group performance accelerated over the first half of 2010, with strong improvement in revenue and profits, especially during the second quarter."

See the full release here:
http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10600723 

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