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InterContinental Hotels Group PLC
IHG reported a rise in its quarterly profit.
InterContinental's net profit in the three months to March 31 surged to $154 million, versus $69 million, in the year-ago period. Its revenue climbed 3% to $409 million from $396 million.
Its operating profit climbed 5% to $118 million from $112 million.
Global revenue per available room gained 7%. On the same basis, InterContinental's global revenue climbed 6.1%.
InterContinental shares closed at $23.88 yesterday.
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