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KHI, profits up 24% in 2006
- Saudi Arabia: Tuesday, March 20 - 2007 at 15:21
Kingdom Hotel Investments has reported its preliminary financial results for 2006, with revenues up 68% to $99m and gross profits climbing by 24% to $14.3m. KHI also boosted its portfolio of properties by 50% last year and it now holds 33 hotels. The firm also signed agreements to acquire or develop 11 hotels in nine territories in 2006.
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Jonathan Sheikh-Miller, Deputy EditorTuesday, March 20 - 2007 at 15:21 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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