City Lodge doubles revenue as travellers return
Hotel group is to pay a dividend for the first time since the pandemic
26 February 2023 - 18:05
City Lodge almost doubled interim revenue and declared a dividend as consumers resumed travelling and eating out after the lifting of Covid-19 restrictions.
The hotel group reported headline earnings per share of 17c in the six months to end-December — compared with a loss of 6c in the previous corresponding period — on a 94% jump in revenue to R848m...
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