The Earnings of Ikeja Hotel shows that the company declined both in its topline and bottom-line figures for the second quarter ended June 30th, 2019.
The provider of world-class hotel and catering services reported a total turnover of N5.809 billion in 2019 which is a drop of 10.12% when compared with N6.463 billion recorded same period in 2018.
One of the major participants in Nigeria hospitality industry recorded also a drop in PAT of 53.26% from N464 million in 2018 to the current period of N217 million in 2019.
Consequently, Ikeja Hotel shareholders’ earnings per share dropped to N0.10 from N0.22 reported previously in 2018.
According to its corporate report, filed on Thursday 25th July, 2019 with the NSE, the company proposed an interim dividend of 3 kobo per 50kooo ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 12 August 2019.