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Millennium & Copthorne Hotels' profit falls; no special dividend

Tue, 10th Feb 2015 07:34

Feb 10 (Reuters) - Millennium & Copthorne Hotels Plc said it would not pay a special dividend after posting a 36.3percent fall in full-year profit.

Pretax profit fell to 188 million pounds ($286.5 million) inthe year ended Dec. 31 from 295 million pounds a year earlier.

Revenue at the company, which operates the Millennium, GrandMillennium, Copthorne and Kingsgate hotels, fell 22.4 percent to826 million pounds.

The company's profit a year earlier was boosted by the saleof Glyndebourne condominium development in Singapore, it said. ($1 = 0.6561 pounds) (Reporting by Aastha Agnihotri in Bengaluru; Editing byGopakumar Warrier)

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