CLH revenue rises 10% to R2.2bn; profit falls 5%
CLH said revenue rose 10% to R2.2bn, supported by occupancy and room rate growth, while profit fell 5% on higher costs and forex losses. The company reported a 6.4% share buy-back and higher dividends.
2bn, supported by stronger occupancy and room-rate growth, while profit declined 5% because of higher costs and forex losses. 4% share buy-back and higher dividends. The company said refurbishments and expansion remain planned amid persistent macroeconomic risks.