May 10, 2019 / 6:20 AM / a month ago

Millennium & Copthorne quarterly profit, room revenue fall

May 10 (Reuters) - Britain’s Millennium & Copthorne Hotels Plc said on Friday group revenue per room fell in the first quarter, as ongoing renovations kept its major hotels in London and Singapore partially or fully closed.

The company, 65 percent owned by Singaporean billionaire Chairman Kwek Leng Beng’s City Developments, said profit before tax fell to 11 million pounds ($14.30 million) from 26 million pounds last year ($1 = 0.7692 pounds) (Reporting by Tanishaa Nadkar and Sangameswaran S in Bengaluru; editing by Gopakumar Warrier)

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