Abu Dhabi-Mubasher: Abu Dhabi National Hotels (ADNH) reported a 153.8% profit jump to AED 90 million ($24.5 million) in the fourth quarter of 2015, compared to AED 35.46 million ($9.66 million) in the corresponding quarter of 2014, according to a bourse filing on Thursday.
Profits reached AED 237 million in the fiscal year 2015, 18.2% growth when compared to AED 200.46 million in the fiscal year 2014.
The board recommended a 7% cash dividend or AED 0.7 per share payout, totalling AED 70 million.
