1st Sep 2020 15:53
Dalata Hotel Group PLC - Irish hotel operator - Raises EUR94.4 million through placing of 37.0 million shares at a price of EUR2.55 each. Placing conducted by Berenberg and J&E Davy as joint bookrunners. Placing shares represent 20% of issued share capital prior to placing. Now has 222.7 million shares issued overall.
Sunk to pretax loss of EUR70.9 million in six months to June 30 from EUR37.8 million profit the year before. Revenue cratered to EUR80.8 million from EUR201.9 million. Revenue per available room dropped to EUR32.69 from EUR88.48. Occupancy fell to 34.3% from 80.2%. Dalata's average room rate in the first half was EUR95.28 versus EUR110.30 the year before.
Current stock price: 231.50 pence
Year-to-date change: down 49%
By Dayo Laniyan; [email protected]
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