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Sunday, November 29 - 2009

ADNH net profit up 40 per cent to AED332 million in 2005

  • United Arab Emirates: Saturday, February 18 - 2006 at 14:54
  • PRESS RELEASE

Abu Dhabi National Hotels (ADNH) announced a net profit of AED332 million for the year 2005 compared to AED237 million in 2004, an increase of AED95 million representing 40 per cent growth over last year.

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  • H. E. Khalifa Nasser Bin Huwaileel Al Mansoori, Chairman of Abu Dhabi National Hotels
    H. E. Khalifa Nasser Bin Huwaileel Al Mansoori, Chairman of Abu Dhabi National Hotels
Total assets increased from AED2.132 billion to AED2.995 billion. The Shareholder's Equity increased from AED1.729 billion to AED2.618 billion.

"We are pleased with the increase of the net operating profit generated from the Company's core business" said H.E. Khalifa Nasser Bin Huwaileel Al Mansoori, Chairman of Abu Dhabi National Hotels.
"Several key factors have had a positive impact on its robust performance; notably the overall growth of the domestic economy, the attraction of Abu Dhabi as a growing key business and the leisure destination. The balanced economic policies adopted by the UAE have played a major role to achieve this year's excellent results."


His Excellency added that ADNH intends to continue its efforts of delivering superior results and developing quality businesses that compete fully in the modern market place whilst honouring the rich cultural heritage of the UAE.
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Notes and media contacts

Abu Dhabi National Hotels was established more than 20 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 3, 4 and 5 star hotels in addition to Sunshine Tours 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.

Issued on behalf of Abu Dhabi National Hotels by Polaris Public Relations.

For more information, contact:
Yasir Alani/Lina Zain
Polaris Public Relations
Tel: +9714-3060518
Fax: +9714-3341326

Khalfan Al Shamsi
ADNH - Hotel Division
Tel: +9712-4447327
Fax: +9712-4444048

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