Capital Hotels Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NGN 1,867.37 million compared to NGN 1,020.56 million a year ago. Net income was NGN 242.38 million compared to NGN 14.93 million a year ago. Basic earnings per share from continuing operations was NGN 0.1534 compared to NGN 0.0096 a year ago. Diluted earnings per share from continuing operations was NGN 0.1534 compared to NGN 0.0096 a year ago.
For the nine months, sales was NGN 4,706.46 million compared to NGN 2,348.61 million a year ago. Net income was NGN 187.31 million compared to net loss of NGN 83.98 million a year ago. Basic earnings per share from continuing operations was NGN 0.1185 compared to basic loss per share from continuing operations of NGN 0.0542 a year ago. Diluted earnings per share from continuing operations was NGN 0.1185 compared to diluted loss per share from continuing operations of NGN 0.0542 a year ago.