Reuters logo
InterContinental posts 11 percent profit rise
February 19, 2013 / 7:26 AM / 5 years ago

InterContinental posts 11 percent profit rise

LONDON, Feb 18 (Reuters) - InterContinental Hotels Group , the world’s biggest hotelier, posted an 11 percent rise in 2012 profit, underpinned by a strong U.S. business and expansion in developing markets.

The hotelier, home to Crowne Plaza, Holiday Inn and InterContinental brands, said on Tuesday 2012 operating profit was $614 million, ahead of a $605 million company supplied consensus estimate.

Annual revenue rose 5 percent to $1.84 billion, while the dividend rose 16 percent to 64 US cents.

The British group, which operates more than 670,000 rooms in over 4,500 hotels worldwide, said it was positioned for a further good performance in 2013.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below