Millennium & Copthorne Hotels New Zealand Reports Full Year 2022 Earnings

Millennium & Copthorne Hotels New Zealand (NZSE:MCK) Full Year 2022 Results

Key Financial Results

• Revenue: NZ$144.2m (down 13% from FY 2021).
• Net income: NZ$21.7m (down 46% from FY 2021).
• Profit margin: 15% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Millennium & Copthorne Hotels New Zealand shares are down 2.7% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Millennium & Copthorne Hotels New Zealand (1 is concerning!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.