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City Developments ( (SG:C09) ) has shared an announcement.
Millennium & Copthorne Hotels New Zealand posted 2025 revenue of NZ$186.7 million, up from NZ$176.2 million a year earlier, driven by higher hotel income but offset by lower property sales. Despite increased administration and operating costs and a swing from net finance income to a slight net finance expense, the group reported operating profit of NZ$30.6 million versus NZ$42.5 million in 2024.
Net profit rose sharply to NZ$24.8 million from NZ$8.8 million, aided by a much lower income tax charge and stronger contributions from a joint venture. Earnings attributable to the parent climbed to NZ$20.2 million, lifting basic earnings per share to 12.78 cents, while foreign exchange gains helped push total comprehensive income to NZ$28.8 million, signaling improved financial performance for shareholders despite margin pressure.
The most recent analyst rating on (SG:C09) stock is a Hold with a S$10.00 price target. To see the full list of analyst forecasts on City Developments stock, see the SG:C09 Stock Forecast page.
More about City Developments
Millennium & Copthorne Hotels New Zealand Limited operates in the hospitality and property sector, generating revenue from hotel operations, rental income and property sales. The group focuses on managing and owning hotel assets while also deriving returns from associated real estate activities, including joint ventures, within the New Zealand market.
Average Trading Volume: 2,634,924
Technical Sentiment Signal: Buy
Current Market Cap: S$8.78B
For a thorough assessment of C09 stock, go to TipRanks’ Stock Analysis page.