Millennium & Copthorne Q1 Profit Rises 31.5%

Millennium & Copthorne Hotels PLC posted a 31.5% surge in its profit in the first quarter. Millennium & Copthorne's quarterly pretax profit climbed to GBP25.9 million, from GBP19.7 million, in the year-ago period. Its total revenue rose to GBP175.5 million from GBP174.2 million. Millennium & Copthorne's operating profit rose to GBP27.6 million versus GBP21.9 million. However, its adjusted operating profit surged to GBP27.1 million from GBP22.0 million Its basic and diluted earnings per share rose to 5.7 pence from 4.5 pence.