IKEJA HOTEL Declares N217.05m PAT in Q2 2019 Results; Proposes N0.03k Interim Dividend


Wednesday, July 23, 2019   /02:17PM / NSE

Ikeja Hotel Plc released its Q2 Unaudited Results for the Period ended June 30, 2019.


Key Highlights

Revenue declined  by 10.13% to N5.81bln from N6.46bln in the previous year.

Profit Before Tax declined by 50.96% to N341.85mln from N697.05mln loss recorded in the previous year.

Profit After Tax also declined by 53.26% to N217.05mln.

Net Assets grew marginally by o.8% to N18.59bln from N18.45bln as at 3oth June, 2018.

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Graph – One Year Share Price Movement

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