Ikeja Hotel Plc in 2020 full year, reported a turnover of N1.466 billion, shedding 56.85% from N3.397 billion filed in FY’19.

The published unaudited financial statement for the period ended 31 December 2020, of the firm showed a loss after tax of N338 million as against the profit after tax of N253 million recorded in FY’19.

Earnings per share of the firm for the period under review stood at a deficit 16 kobo from a 12 kobo made in 2019.  

With reference to the share price of N1.28, the P.E ratio of Ikeja Hotel as calculated stands at -7.86x with earnings yield of -12.71