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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.
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