tiprankstipranks
MCK Faces One-Off Tax Adjustment Impact
Company Announcements

MCK Faces One-Off Tax Adjustment Impact

City Developments (SG:C09) has released an update.

Don't Miss our Black Friday Offers:

Millennium & Copthorne Hotels New Zealand Limited (MCK) will recognize a one-off, non-cash deferred tax liability adjustment of approximately $26 million due to recent tax legislation changes. This adjustment, related to the removal of tax depreciation on commercial buildings, will not affect the company’s cash flow or trading profitability. MCK, which owns a portfolio of hotels and properties, is set to release its interim financial results for 2024 in the coming August.

For further insights into SG:C09 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskCity Developments Shines with Strong Q3 2024 Sales
TipRanks Singapore Auto-Generated NewsdeskCity Developments Expands in Shanghai with Major Acquisition
TipRanks Singapore Auto-Generated NewsdeskCity Developments Boosts Portfolio With Christchurch Hotel
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App