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Millennium & Copthorne Hotels New Zealand (MCK) investor relations material
Millennium & Copthorne Hotels New Zealand AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting included Chair and Managing Director's addresses, director elections, auditor remuneration approval, and general business.
Financial performance review
Total revenue reached $186.7m, up 6.0% year-on-year, with NZ hotel revenue up 19.5%.
Earnings per share fell 25.6% to 12.78 cents; group profit before tax declined 29.8% to $33.0m.
Net tangible assets per share increased to $3.58 (book value) and $5.24 (market value).
Positive cash position of $24.2m as of year-end, with net assets growing by $20m.
Board and executive committee updates
Hani Daher appointed Vice President Operations in November 2025, bringing over 20 years of international hospitality experience.
Board recommended shareholders vote in favor of all resolutions.
- Strong revenue and profit growth, with future outlook supported by asset expansion and upgrades.MCK
H2 202415 May 2026 - Record hotel revenue and strategic growth offset property market softness, supporting future expansion.MCK
H2 202523 Feb 2026 - Revenue and profit surged, with a dividend declared and major strategic investments advanced.MCK
AGM 20253 Feb 2026 - Net profit rose to $8.5m as hotel growth offset property sales decline.MCK
H1 202517 Aug 2025 - Strong revenue and profit growth offset by a one-off tax charge, resulting in a net loss.MCK
H1 202413 Jun 2025
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