City Lodge expects profit to plunge as conditions weaken
The group says profits for the half year to end-December are likely to halve due to accounting changes and weak business confidence
04 February 2020 - 10:46
Hotels group City Lodge warned on Tuesday that its profit for the half year to end-December would fall by about a half due to accounting changes and persistently weak trading conditions.
Amid accounting changes that bring leases on to the balance sheet, normalised headline earnings per share (HEPS) are expected to fall by between 49% and 54%, the company said...
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