The financial report for the period of 1st January- 31st March 2009 shows an improved performance of the Group's operational profits, posting Dhs158,7m compared to Dhs150,7m in the same period of 2008. Non-operational profits increased to Dhs15m, up from Dhs4,7m in Q1 last year.
ADNH expects the good performance to continue in the upcoming months in tandem with Abu Dhabi's steadily booming economy as well as the large number of events and exhibitions scheduled in Abu Dhabi, such as F1.
The company stated that the board's well-defined strategy, the management and employee's commitment, and the relentless support received from government bodies particularly Abu Dhabi Tourism Authority (ADTA) and Etihad Airways have also been instrumental in these achievements.
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ADNH reports Dhs150,7m net profits in Q1
- United Arab Emirates: Thursday, April 30 - 2009 at 16:02
- PRESS RELEASE
Abu Dhabi National Hotels (ADNH), the UAE-based leading hospitality group with interests in hotels, tourism, transportation and catering, reported net profits of Dhs150,7m for the first quarter of this year, a 10,4% increase over the corresponding period of 2008 (Dhs136,4m).
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About Abu Dhabi National Hotels:Abu Dhabi National Hotels (ADNH) was established in 1978. After more than three decades, the company has grown both in size and diversity into a quality based hotel, tourism, transport and catering group. ADNH owns and operates 5 and 4-star hotels in Abu Dhabi, Al Ain, Dubai, Fujairah, Morocco and Egypt.
In addition the company has four subsidiaries focused on the hospitality industry - Al Diar Hotels, Al Ghazal Tours & Travel, Al Ghazal Transport and ADNH Compass.
For more information, please contact:
Ammar Al Thuwaini
ASDA'A Burson-Marsteller
Abu Dhabi, UAE
Tel: +971-2-6334133
Fax: +971-2-6334137
Posted by Rana MesbahThursday, April 30 - 2009 at 16:02 UAE local time (GMT+4)
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