Ikeja Hotels Plc reports N2bn profit in 9 months

Ikeja Hotels Plc in the Third Quarter of 2024 generated revenue of N12.599 billion. This represents a growth of 63.78% from N7.692 billion revenue generated the previous year.

Profit after tax grew N2.005 billion was reported for the 9 months period, up by 241.29% from N587.353 billion reported the previous year.

Earnings per share of the Ikeja Hotel stands at 72 kobo.

At the share price of N7.7, the P/E ratio of Ikeja Hotels stands at 10.65x with earnings yield of 9.39%.

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