BRIEF-City Lodge Hotels Says FY Total Revenue Decreased By 25% To R1,16 Bln

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BRIEF-City Lodge Hotels Says FY Total Revenue Decreased By 25% To R1,16 Bln
Credit: © Reuters.

Sept 3 (Reuters) - City Lodge Hotels Ltd CLHJ.J :

* FY TOTAL REVENUE DECREASED BY 25% TO R1,16 BILLION

* FY NORMALISED HEADLINE EARNINGS DECREASED BY 130% TO A LOSS OF R78,8 MILLION

* DOES NOT INTEND TO PAY DIVIDENDS IN SHORT TERM

* THERE HAS BEEN SOME MARGINAL IMPROVEMENT IN JULY OCCUPANCIES TO 7%

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