Hotelier Millennium & Copthorne has recorded a profit of 12.2 million pounds or S$25.5 million in the first quarter, up 77 percent from the same quarter last year.
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The Q1 profit of the hotel group was attributed to the signs of recovery in some market segments led by Singapore and New York.
Meanwhile, its revenue for the first quarter has increased 22 percent to 160.5 million pounds compared to the same period last year.
Looking ahead, the London-listed Millennium & Copthorne Hotels said several areas in Europe and its regional hotels in the US remain a challenge for the company.
London is expected to recover slowly from the impact of the reduction of aircrew business. However, it stressed that it is too early to predict trading performance for 2010.
Singapore property developer City Developments owns 53.4 percent of the Millennium & Copthorne Hotels.