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Millennium & Copthorne New Zealand Sees Revenue Growth Amid Tax Challenges

Story Highlights
  • Millennium & Copthorne Hotels New Zealand reported revenue of $176.184 million for 2024.
  • Net profit decreased due to higher income tax expenses, affecting shareholder earnings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Millennium & Copthorne New Zealand Sees Revenue Growth Amid Tax Challenges

Confident Investing Starts Here:

An update from City Developments ( (SG:C09) ) is now available.

Millennium & Copthorne Hotels New Zealand Limited reports an increase in revenue to $176.184 million for 2024, driven by higher hotel and property sales. Despite the rise in operating profit, net profit decreased significantly due to a substantial increase in income tax expenses, impacting the earnings attributable to shareholders.

More about City Developments

Millennium & Copthorne Hotels New Zealand Limited operates in the hospitality industry, focusing on hotel management and property sales, catering to both accommodation and real estate markets.

YTD Price Performance: 0.27%

Average Trading Volume: 100

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.4B

For a thorough assessment of C09 stock, go to TipRanks’ Stock Analysis page.

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