The financial report shows the operational profit increased by 10% Non- operational profits went down due to the impact of the global economic situation that affected the securities portfolio both locally and internationally.
General expenses and depreciation decreased by 1%.
ADNH stated that the coming months will show growth in the profits due to expected economic and tourism growth and larger number of exhibitions planned 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 reports Dhs136.4m net profits in Q1
- United Arab Emirates: Thursday, May 01 - 2008 at 13:17
- PRESS RELEASE
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Abu Dhabi National Hotels, the UAE's leading diversified hotel, tourism, transport and catering company, announced a net profit of Dhs136.4m for the first quarter of 2008 compared with Dhs134.7m earned during the corresponding period in 2007.
Hilton Hotel.
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Posted by Eman HassanThursday, May 01 - 2008 at 13:17 UAE local time (GMT+4)
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For more information, please contact:
Ammar Al Thuwaini
Asda'a Public Relations
Abu Dhabi, UAE
Tel: +971-2-6334133
Fax: +971-2-6334233
Ammar Al Thuwaini
Asda'a Public Relations
Abu Dhabi, UAE
Tel: +971-2-6334133
Fax: +971-2-6334233
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