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InterContinental Hotels H1 pretax profit up 24.6% YOY

InterContinental Hotels Group PLC's first-half profit before tax came in at $375 million, up 24.6% from $301 million in the year-ago period.

Profit for the period for continuing operations came to $306 million, compared to $233 million in the year-ago period.

EPS was down 1.4% annually to $1.432 from $1.453.

Group operating profit totaled $457 million, rising from $401 million in the first half of 2018.

Total group revenue for the six-month period was $2.28 billion, up 8% from $2.11 billion.

The company's board proposed an interim dividend of 39.9 cents per share, up 10% from the year-ago interim dividend of 36.3 cents per share.

InterContinental Hotels logged first-half signings of 48,000 rooms, marking a 3% year-over-year increase, reflecting the highest figure in more than a decade. The company noted that it logged a record performance in Greater China.