Abu Dhabi National Hotels' profit up 27.8%
United Arab Emirates: 2009-11-09 10:11:22
Abu Dhabi National Hotels (ADNH) has reported that its net profit rose 27.8% in the first nine months of the year, despite a drop in its hotels division. The company, which owns the Hilton, Le Meridien and Al Diar line of hotels in the capital, reported that net profits rose to Dhs372.5m ($101.4m), from Dhs291.5m for the same period last year. However, ADNH's hotel division reported that net profit fell by 17% to Dhs217m in the first nine months of this year, compared with Dh263m for the same period last year.
