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FINANCIAL NEWS
Gulf Hotels reports 6.4% profit rise in 9 months
18 Oct 2010
(MENAFN) Gulf Hotels Group (GHG) said that its net profit has increase by 6.4 percent to $21.2 million in the first nine months of this year compared to $19.4 million in the same period last year, Gulf News reported.
The company, owner and operator of the Gulf Hotel, Gulf Convention Centre, Gulf Executive Residence, Gulf Executive Offices and Gulf Brands International, increased earnings per share during the period.
Chief executive officer Aqeel Raees expressed his great pleasure with the results which he said were achieved in a very difficult trading environment.
Total refurbishment of the Zahle Lebanese Restaurant has been completed and the restaurant is receiving very favourable comments, he said.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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