Abu Dhabi - Mubasher: Abu Dhabi National Hotels’ (ADNH) reported a decline of 31.6% in net profits for the second quarter of 2016.
The company saw net profits of AED 32.72 million ($8.91 million) for Q2-2016, down from AED 47.86 million ($13.03 million) for the same period of the previous year.
As for the first half of 2016, ADNH posted a decrease of 8.5% in net profits as it reached AED 124.9 million compared with AED 136.52 million for the comparable period of the preceding year.
