Ikeja Hotel Plc reports Unaudited Interim report for period ended 30 September, 2021

Ikeja Hotel Plc has released its unaudited group financial statement for the third quarter ended 30th of September, 2021. 

• Revenue during the period was N2.84 billion. (+306.76% YoY)  
• Cost of Sales for the period was N2.08 billion. (+159.40% YoY) 
• Gross Profit for the period was N752.69 million 
• Sale and Distribution expenses during the period was N68.01 million. (+649.54% YoY) 
• Administrative and General expenses of N310.43 million was recorded. 
• Operating Profit for the period was reported as N370.43 million. 
• Profit after tax during the period was N34.15 million. 
• Total assets during the period stood at N42.35 billion. (+795 mn YtD) 
• Earnings per share of 2 kobo Vs loss of 30 kobo. 

See link to results