InterContinental Hotels 2nd Quarter Report

InterContinental Hotels has reported that their profit for the 2nd quarter related to equity holders was 101 million dollars, which is down from the 128 million dollars of last year. Profit during the period related to equity holders prior to exceptional items was 100 million dollars in comparison to the 101 million from last year. Profit before taxes increased from 140 million dollars to 141 million dollars, and excluding the exceptional items, it rose from 119 million dollars to 135 million dollars. InterContinental Hotels’ profit from continued operations during the quarter dropped from 118 million dollars to 99 million dollars, and before exceptional items, their profit increased slightly from 97 million dollars to 98 million dollars.

The earnings of InterContinental Hotels for each share during the quarter dropped from 37 cents of last year to 34.1 cents. The earnings per share increased from 29.2 cents last year to 33.8 cents on an adjusted basis. The earnings per share that InterContinental Hotels reported from their continued operations was 33.4 cents in comparison to the 34.1 cents that they made per share during the same time last year. Revenue during the quarter rose from 449 million dollars earlier in the year to 504 million dollars. InterContinental Hotels said that they have declared a temporary dividend that is equal to 12.2 cents an ordinary share.

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