InterContinental Hotels Posts Surge In Profit
InterContinental Hotels Group PLC (NYSE: IHG) posted a rise in profit.
InterContinental Hotels' net profit in the year to end-December surged 57% to $460 million, versus $293 million, in the previous year. Its revenue gained 9% to $1.77 billion from $1.63 billion.
InterContinental Hotels' operating profit climbed 26% to $559 million from $444 million, versus analysts' estimates of $515 million to $556 million.
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