logo
Plus   Neg
Share
Email

IHG Plc FY19 Profit Rises; Underlying Revenue Up 6.5% - Quick Facts

InterContinental Hotels Group plc (IHG.L,IHG) reported profit before tax of $542 million for the 12 months ended 31 December 2019 compared to $482 million, previous year. Basic earnings per share in cents was 210.4 compared to 183.7. Operating profit from reportable segments increased year-on-year to $865 million from $832 million. Underlying operating profit increased by 5.8%. Adjusted earnings per share in cents was 303.3 compared to 293.2.

Fiscal 2019 total revenue increased by 6.7% to $4.63 billion. Revenue from reportable segments rose 7.8% to $2.08 billion. Underlying revenue increased by 6.5%, for the fiscal year. Comparable RevPAR decreased by 0.3%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that the current state of the COVID-19 pandemic in the U.S. is "really not good." The U.S. is the country worst-affected by the coronavirus and has recently seen a surge in coronavirus infections as lockdown restrictions are eased. Granules Pharmaceuticals, Inc. recalled twelve (12) lots of type 2 diabetes medication Metformin hydrochloride Extended-Release, in the form of oral film-coated tablets, for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Palantir Technologies Inc., the Silicon Valley big data analytics company that has handled U.S. government's certain sensitive projects, said it has confidentially filed documents with the Securities and Exchange Commission to go public. In a statement, the company said the proposed public listing of its Class A common stock is expected to take place after the SEC completes its review process.
Follow RTT