The financial report shows the hotels profit increased by 31% , catering services increased by 1.3% and transport division increased by 78%, while the general expenses and depreciation decreased by 17 percent.
HE Khalifa Nasser Bin Huwaileel Al Mansoori, Chairman of the Board of Directors, praised the company's performance and attributed the impressive results to Abu Dhabi's economic growth which continues to develop by providing a world class infrastructure in terms of having its own flag carrier - Etihad Airways as well as increasing and enhancing exhibitions in Abu Dhabi and the other emirates. ADNH Board's strategy, the management and employees' commitment, and the relentless support received from government bodies particularly the Abu Dhabi Tourism Authority (ADTA) have also been instrumental in these achievements.
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ADNH net profit surges 63% to Dhs327m in first 9 months of 2007
- United Arab Emirates: Thursday, October 25 - 2007 at 11:01
- PRESS RELEASE
Abu Dhabi National Hotels (ADNH), the leading diversified hotel, tourism, transport and catering group based in the UAE, today announced a record profit of Dhs327m for the first nine months of 2007; a 63% increase over Dhs201m earned during the corresponding period in 2006.
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Notes and media contacts
Abu Dhabi National Hotels was established more than 30 years ago and since then has grown in both size and diversity into a quality, broad-based hotel, tourism, transport and catering group. ADNH interests include a range of moderate to luxury hotels in addition to ADNH Travco, the company's travel and tourism arm and its transportation business Al Ghazal. In addition, ADNH has a joint venture with the catering and services company Compass, covering its respective catering operations in the Middle East under the banner ADNH/Compass.For more information, please contact:
Ammar Al Thuwaini
Asda'a Public Relations
Abu Dhabi, UAE
Tel: +971-2-6334133
Fax: +971-2-6334233
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, October 25 - 2007 at 11:01 UAE local time (GMT+4)
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