Millennium & Copthorne’s profit nose-dives as CDL struggles
However, the company did record a substantial uptick in hotel revenue as tourism resurged.
The Grand Millennium in Auckland’s CBD.
Millennium & Copthorne New Zealand’s half-year profit has fallen sharply, following a softer contribution from its majority-owned property developing subsidiary, CDL Investments New Zealand.
The NZX-listed company’s unaudited net profit for the six months ended June was $6.2 million, down 60% or
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