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FINANCIAL NEWS
ADNH reports sharp drop in 9 months
18 Nov 2010
(MENAFN) Abu Dhabi National Hotels Company (ADNH), the state-backed hotel leisure group, has announced a 56.9 percent fall in net profits in the first nine months of the year, Gulf News reported.
The firm said it has recorded profits of $64.6 million for the nine months to September 30, 2010.
ADNH�s hotels division made $35.4 million in profits, while its catering division pulled in $19.1 million in profits.
ADNH operates a number of hotels in the emirate, including the Sheraton Abu Dhabi Hotel and Resort, the Mercure Grand Jebel Hafeet and the Hilton Abu Dhabi.
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