IKEJA HOTEL Declares N1.7bn Loss in Q4 2020 Unaudited Results,(SP:N1.28k)


Tuesday, January 26, 2021 / 8:52 PM / by NSE / Header Image Credit: Nairametrics

Ikeja Hotel Plc released its Q4 2020 Unaudited results for the period ended December 31st, 2020.

Key Highlights

  • Revenue declined by -60% to N5.1bn from N12.5bn in the previous quarter.

  • Loss before tax stood at N1.8bn.

  • Loss after tax stood at N1.7bn.

  • Net Assets declined by -42% from N14.8bn to N8.5bn.

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