FY’19: Capital Hotel Files 5.7% PAT Growth, Recommends 5kobo as dividend

Capital Hotels Plc has filed 5.75% growth in Profit After Tax (PAT), closing at N401.7mn better than N379.9mn filed in 2018.

The 2019 audited financial reports of the Company was made public, on Wednesday, 25th March, 2020 which showed a decline in Turnover of N5.977bn recorded in the same period the previous year to arrive at N5.188bn recorded in the current period under review

The earnings per share of the company that engages in the hospitality industry; particularly the rendering of hotel services advanced by 5.75% while the current period’s PE Ratio is at 10.60x and the earnings yield stands at 9.43% with a reference price of N2.75 at the close of trade today.

The directors of the company recommended 5kobo per share as dividend to be paid to the shareholders in respect to the year ended 31st December 2019. This will be approved by the shareholders in the next AGM

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