WorldStage Newsonline– Capital Hotels Plc, owner of Sheraton Abuja Hotels has released its unaudited financial statement for the 4th quarter (12 months) ended 31 December 2020 with a decline in turnover to N517.273 million in the last three months of the year from N1.471 billion in Q4 2019.
Turnover for the full year crashed to N1.948 billion from N5.188 billion in 2019.
The group returned a loss of N9.533 million in Q4 from N197.391 million profit in same quarter 2019.
Similarly, the group slipped into loss of N266.046 million in full year 2020 from a profit of N1.023 billion in 2019.
