M&C Hotels lowers full-year profit guidance

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LONDON, May 2 (Reuters) - Hotelier Millennium & Copthorne said on Thursday full-year pretax profit could be as much as 13 percent below analysts' consensus forecast, after a slowdown in its core Asian market hit first quarter trading.

"I would recommend that the 160 million pounds (full-year) profit before tax figure to be adjusted downwards to in the region of 140 million pounds to 150 million pounds in pretax profit," Chief Financial Officer John Chang told reporters.

According to a Reuters poll of 9 analysts, M&C had on average been expected to post a full-year pretax profit of 161.25 million pounds. Shares in the group fell on the comments and were down 4.4 percent by 0730 GMT.

(Reporting by Neil Maidment; Editing by Kate Holton)

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