ADNH posts 17.1 per cent H1 growth

30/07/2009 - Dubai Property News
ADNH posts 17.1 per cent H1 growth

Written by Neil King

Abu Dhabi National Hotels (ADNH), one of the UAE capital's leading hospitality groups, has announced a 17.1 per cent year-on-year rise in profits for the first half of 2009.

In a statement today (July 30th), the company announced total net profits of AED324.3 million for the period ending June 30th, with consolidated revenues standing at AED950.6 million.

Saif Mohammed Al Hajeri, the company's chairman, said that the group has enjoyed growth in all business sectors, including hotels, transportation, travel, tourism and catering.

"Catering and general purchasing divisions in particular have enjoyed significant increases in business as compared to the corresponding period last year," he added.

The comprehensive service offered by ADNH may make it an attractive choice for UAE property investors staying in the capital while carrying out viewings.

ADNH also last month announced that it is extending its hospitality services in the northern emirates with the opening of Siji Hotel Apartments in Fujairah.ADNFCR-2019-ID-19289859-ADNFCR