City Lodge up on profit prospects

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

Shares of City Lodge Hotels climb more than 5 percent after the company flags earnings likely rose as much as 35 percent in the six months period ending on December 31.

The hotel chain did not did not give any reason for the expected increase in profit. Its shares are 5.5 percent stronger at 113.89 rand, bring total gains so far this year to nearly 50 percent. - Reuters

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