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FINANCIAL NEWS
ADNH reports 48% growth in 2009 earnings
15 Feb 2010
(MENAFN) The Chairman of the Abu Dhabi National Hotels (ADNH) said that the hospitality group posted a net profit of $117.8 million compared to $79.7 million in 2008, reflecting growth of 47.9 percent, Khaleej Times reported.
ADNh added 3 hotels to our portfolio during 2009, with the 438 room Sofitel Dubai Jumeirah Beach opening in December, the 64 room Al Diar Barsha Apartments opening in June and the 79 room Siji Apartments in Fujairah opening in January.
The chairman asserted that the group will continue our efforts in emphasizing and developing new properties and products to ensure our reputation and exemplary market positioning are enhanced.”
The CEO of ADNH said that the addition of three hotel properties in 2009, the entrance of the Grand Canal Abu Dhabi to the market in 2010, combined with continued growth in our Catering, Transport and Tour divisions, make ADNH well positioned for 2010 and beyond.
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