IKEJA HOTEL Declares N1.4bn Loss in Q3 2020 Unaudited Results,(SP:N3.15k)


Tuesday, November 11, 2020 / 2:23 PM / by NSE / Header Image Credit: Nairametrics

Ikeja Hotel Plc released its Q3 2020 Unaudited results for the period ended September 30th, 2020.

Key Highlights

  • Revenue declined by -60% to N3.6bn from N9.1bn in the previous quarter.

  • Loss before tax stood at N1.4bn.

  • Loss after tax stood at N1.4bn.

  • Net Assets declined by -7.5% from N14.8bn to N13.6bn.

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