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PPHE Hotel Group Ltd on Wednesday cited its ‘strong’ performance as it declared an interim dividend of 16 pence per share, up sharply from just 3p a year prior.
The London-based hotel and resort operator in August had reported that it swung to a pretax profit of £2.0 million in the six months that ended June 30 from a loss of £26.1 million a year prior. This was thanks to PPHE reporting ‘record’ revenue of £180.0 million, up 59% from £113.2 million in the first half of 2022 and up 16% from £155.3 million in the first half of 2019, before the outbreak of Covid-19.
Further, PPHE Hotel Chief Executive Officer Boris Ivesha on Wednesday said that the company will keep its strategic options under active review.
PPHE Hotel shares were untraded at 1,050.00 pence each on Wednesday morning in London. They are down 21% over the past 12 months.
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