City Lodge finally recovers from Covid-19 pandemic losses
Hospitality group says it returned to profit in the year ended June 30, and will provide an earnings estimate in due course
20 June 2023 - 20:16
Hotel group City Lodge has finally returned to profitability after three years of losses in the wake of the coronavirus pandemic.
While the hospitality group didn’t provide an estimate in a statement on Tuesday, it said headline earnings per share “are expected to show a more than 100% improvement compared to the headline loss per share of 8.7c and EPS of 14.3 cents for the year ended 30 June 2022, before adjusting for any impairment reversals and/or charges and unrealised gains and losses”...
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