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Millennium & Copthorne has concerns for economy
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05 August 2010
The London-based hotels chain, which runs more than 120 hotels in 19 countries, declared an interim dividend of 2.08p, unchanged from last year.
"We will continue to be cautious in our approach, maintaining a tight rein on costs and testing very carefully our investment plans," said chairman Kwek Leng Beng.
For the six months to June 30, pre-tax profit rose to £50.2 million from £30.5 million last year. Total revenue rose 11% to £350.5 million.
M&C said revenue per available room, a key industry measure of takings, rose 11%.
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