Press Release

IKEJA HOTEL Declares N1.7bn Loss in Q4 2020 Unaudited Results,(SP:N1.28k)

Ikeja Hotel Plc released its Q4 2020 Unaudited results for the periodended December 31st, 2020.

Key Highlights

  • Revenue declinedby -60% to N5.1bn from N12.5bn in the previous quarter.
  • Loss beforetax stood at N1.8bn.
  • Loss aftertax stood at N1.7bn.
  • Net Assets declinedby -42% from N14.8bn to N8.5bn.