Business
CLH: Revenue up 13%, net profit up 15%, and debt-free with increased dividends and share buy-back
CLH: Revenue up 13%, net profit up 15%, and debt-free with increased dividends and share buy-back
About this update from City Lodge Hotels Limited
Revenue grew 13% to R1.9bn, with net profit up 15% and group occupancy at 58%. Strong cash flow enabled debt repayment, increased dividends, and a share buy-back, while strategic investments in refurbishments and sustainability position the group for continued growth.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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