ADNH's operational profit increased 27% with profits from other activities down due to the impact of the global economic situation that affected the securities portfolio both locally and internationally, the company said, in a filing to the Abu Dhabi Securities Exchange (ADX).
ADNH also stated that the coming months would see continued growth in profits due to the expected growth in the economy and tourism as well as the large number of exhibitions planned in Abu Dhabi as well as other emirates.
The growth strategy followed by ADNH's Board, the commitment of the company's management and employees, and the relentless support received from government bodies, particularly the Abu Dhabi Tourism Authority (ADTA), have been instrumental in the company's ongoing success, the company said.
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ADNH net profit in Q2 touches Dhs276m
- United Arab Emirates: Wednesday, July 30 - 2008 at 12:10
- PRESS RELEASE
Abu Dhabi National Hotels (ADNH), the UAE's leading diversified hotel, tourism, transport and catering company, announced a net profit of Dhs276.7m for the second quarter of 2008 marking a 5.6% increase over Dhs262m in profit recorded by the company during the corresponding period in 2007.
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About ADNHAbu Dhabi National Hotels was established 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 /Olivia Olarte
Asda'a Public Relations
Abu Dhabi, UAE
Tel: +971-2-6334133
Fax: +971-2-6334233
Posted by Eman HassanWednesday, July 30 - 2008 at 12:10 UAE local time (GMT+4)
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