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Dur Hospitality announces SAR40.7m net profit for the third quarter of 2015

Dur hospitality completed the renovation work in Makarem Annakheel Jeddah Hotel and Holiday inn Tabuk.

Dur Hospitality Company announced its preliminary financial results for the third quarter of 2015. Dur’s net profit reached40.7 million riyals, recording 11% growth compared to the same quarter last year.

It is worth mentioning that Dur hospitality completed the renovation work in Makarem Annakheel Jeddah Hotel and Holiday inn Tabuk, and delivered a number of villas in Daraq project in the Diplomatic Quarter in Riyadh, which was a major contributor to the growth of revenues generated from these projects,in addition to the overall improvements in the operation and services of the company’s facilities that come in line with its strategic direction.

Dur Also announced that the Hajj season this year was a success, where Makarem hotels, Dur’s own hotel brand specialized in the two holy cities, hosted valued pilgrims and provided them with high quality services in Makkah Al Mukarramah, branches, with a 100% occupancy rate, which also had a positive impact on the third quarter results.