Millennium & Copthorne hotel income drops 94%
Pandemic harmed hotel business, but property development, govt tax credits led to profit.
NZX-listed Millennium & Copthorne Hotels NZ (MCK) is still in the black after Covid-19 containment restriction cut its hotel profits by 94% in the year ending December 31.
It made a better-than-expected small profit of $1.9 million from hotel operations in 2020 compared to $33.5m the prior
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