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Tag: Second-quarter results

COVID-19: Popular 5-star Hotel in...

Capital Hotels Plc, owners of Abuja Sheraton...

COVID-19: Popular 5-star Hotel in Abuja suffer 88% drop in revenues

Capital Hotels Plc, owners of Abuja Sheraton released its 2020 second-quarter results revealing its revenues fell by 88% compared to the same period in 2019. The company reported a loss of N235 million in the quarter. In the second quarter, which is the period April to June 2020, the company reported a revenue of N142.3 million compared to N1.18 billion in the same period in 2019. Business activities in the nation’s capital territory shut down in the month of April and May as the government imposed restriction of movement to...

COVID-19: Popular 5-star...

Capital Hotels Plc, owners of Abuja Sheraton released its 2020 second-quarter results revealing its revenues fell by 88% compared to the same period in...
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