Millennium & Copthorne Hotels New Zealand Limited (MCK) has reported a profit after tax and non-controlling interests of $21.7 million for 2022, down from $40.0 million in 2021.
MCK attributed the decrease in profit to a period of lockdowns and restrictions in place around isolation in the first half of the year, as well as labour shortages and intense competition to retain and attract new employees.
MCK declared a dividend for 2022 of 3 cents per share payable on 12 May.
The company is looking forward to increased demand in the second half of 2023 thanks to events such as the FIFA Women’s World Cup and an uptick in conferencing and the return of international visitors.
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