Ikeja Hotel Plc reports loss of N6.72 billion in FY 2020.

Ikeja Hotel Plc released its audited full-year results for the year ended 31st December 2020.

  • Revenue from contract with customers was N5.07 billion. (-59.5% YoY)
  • The cost of sales was N5.48 billion. (-38.7% YoY)
  • An operating loss of N6.5 billion, compared to a profit of N1.8 billion in 2019.
  • Administrative expenses was N6.72 billion (+265% YoY)
  • Loss for the year was N6.7 billion against a profit of N834.95 million in 2019.
  • Loss per share of N3.23.
  • No dividend announcement was made.

See link to results.



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