City Lodge forecasts higher profits

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CityLodge INDEPENDENT MEDIA City lodge Edenvale, Johannesburg. Pic: John Woodroof.

City Lodge Hotels (CLH) advised on Wednesday that its headline earnings per share as well as its headline earnings per share for the six months period to 31 December 20 are going to be between 20-35% higher.

In this regard‚ normalised basic earnings per share and normalised headline earnings per share for the half-year are anticipated to be between 20% to 35% higher than the previous corresponding period it is anticipated that the interim results will be released on SENS on or about 13 February 2013. - I-Net Bridge

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