IKEJA HOTEL Declares N835m PAT in 2019 Audited Results, Proposes N0.02k Final Div;(SP:N0.99k)

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Tuesday, March 31, 2020 / 4:08 PM / NSE / Header Image Credit: Daily Times


Ikeja Hotel  Plc released its 2019 Audited results for the period ended December 31st, 2019.


Key Highlights

  • Revenue declined by -5.4% to N12.5bn from N13.2 in the previous quarter.

  • Profit before tax declined by 6.7% to N1.1bn.

  • Profit after tax declined by 24.4% to N835m.

  • Net Assets grew by 5% to N19.4bn from N18.4bn.

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