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Millennium & Copthorne NZ Posts 58% Profit Rise on Hotel Revenue Growth

6:40am on Tuesday 11th of August, 2026 AEST Hospitality
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Millennium & Copthorne NZ Posts 58% Profit Rise on Hotel Revenue Growth

6:40am on Tuesday 11th of August, 2026 AEST
Key Points
  • 12% revenue growth to NZD 88.8 million in HY26
  • 58% profit before tax increase to NZD 17.9 million
  • Hotel refurbishments and increased room capacity fuel revenue gains
  • Residential property sales subdued amid cautious market conditions
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