UPDATE: InterContinental Hotels Posts Rise In Q2 Profit

InterContinental Hotels Group PLC

reported a rise in its second-quarter net profit. IHG also recommended an interim dividend of $0.21 per share. Its quarterly net profit climbed to $121 million, from $87 million, in the year-ago period. Its revenue climbed to $469 million, from $454 million. In the six months to June 30, IHG's operating profit before exceptional items climbed 6.3% to $286 million. Its revenue per available room rose 6.5% in the half and climbed 6.1% in the second quarter. InterContinental Hotels shares closed at $25.26 yesterday.