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Profitability

GOP waterfall, cost structure and flow-through by property

Group revenue MTD
₦422,000,000
Day 5 pace
Gross operating profit
₦118,000,000
28.0% margin
EBITDA
₦84,600,000
20.0% margin
Payroll ratio
35.9%
target ≤ 34%
Flow-through
54%
+6 pts vs LM
Loss-making sites
1
GRA Port Harcourt
Signature view
Revenue to profit waterfall · Group consolidated
MTD
+₦248,000,000
Rooms revenue
+₦104,000,000
F&B revenue
+₦44,000,000
Events & venues
₦-142,000,000
Payroll
₦-86,000,000
Cost of goods
₦-38,000,000
Energy & diesel
₦-18,000,000
Maintenance
₦-21,000,000
OTA commission
₦-32,000,000
Admin & overhead
Cost structure
Cost as share of revenue
Payroll35.9%
Cost of goods sold21.7%
Energy & diesel9.6%
OTA commission5.3%
Maintenance4.5%
Admin & overhead8.1%
Comparison
Profitability ledger by property
PropertyRevenueCostGOPMarginFlow-throughTrend
Victoria Island Hotel₦164,000,000₦106,000,000₦58,000,00035.4%
62%
+4.2 pts
Lekki Beach Resort₦120,000,000₦81,000,000₦39,000,00032.5%
58%
+2.8 pts
Maitama Suites₦72,000,000₦51,000,000₦21,000,00029.2%
51%
+0.6 pts
Ikoyi Rooftop Lounge₦44,000,000₦35,000,000₦9,000,00020.5%
38%
-3.1 pts
GRA Port Harcourt Club₦22,000,000₦31,000,000₦-9,000,000-40.9%
0%
-8.4 pts