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FINANCIAL NEWS
Abu Dhabi- ADNH’s fiscal profit up 18%
10 Mar 2012
(MENAFN) Abu Dhabi National Hotels (ADNH) said that gross profits for 2011 jumped 18 percent from a year earlier to USD96.90 million, reported Gulf News.
The company added that in the period, total revenue rose by 4 percent, reaching USD492 million, whereas net profit was USD71.59 million.
Moreover, total assets reached USD2.74 billion, while the dividend to be paid would total USD13.61 million.
It also said that the hotel division accounted for USD13.61 million of revenue; on the other hand, the catering division’s revenue grew 6 percent over the previous year to USD218.3 million.
It is worth noting that ADNH’s transport division, Al Ghazal Transport, achieved a net profit of USD5.58 million in 2011.
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