Abu Dhabi-Mubasher: Abu Dhabi National Hotels (ADNH) saw a 4% rise in its quarterly profits, according to a bourse statement.
Net profits stood at AED 92.2 million ($25.1 million) in Q1-16, compared to AED 88.6 million ($24.12 million) in Q1-15.
Investment income increased to AED 7.85 million ($2.14 million) in Q1-16 from AED 1.8 million ($490,069) in Q1-15, contributing to the company’s profit rise.
On the other hand, operating income fell to AED 363.6 million ($98.99 million) in Q1-16, compared to AED 380.54 million ($103.61 million) in Q1-15.
