Abu Dhabi – Mubasher: Abu Dhabi National Hotels (ADNH) reported a 54.3% increase year-on-year in the third quarter of 2016, according to a bourse statement.
Profits reached AED 16.17 million ($4.4 million) in Q3-16, compared to AED 10.48 million ($2.85 million) in Q3-15.
In the first nine months of 2016, profits declined 4% to AED 141.07 million from AED 147 million in the same period of 2015.
Operating revenues reached AED 919.49 million as at 30 September 2016, down 4.5% from AED 962.81 million as at 30 September 2015.
