Abu Dhabi National Hotels PJSC (ADNH), today announced its financial results for the nine months ended 30th September 2013.

During the period, ADNH posted AED842 m in operating revenue, an increase of AED 93 m compared to the same period in 2012.The gross profit of the company stood AED95.7 m and the net profit was recorded at AED58.83m for the same period. ADNH’s total assets stood at AED9.62 billion.

According to the financial report issued by the company, the hotel division, consisting of both internationally-branded owned hotels as well as its Abu Dhabi-based brand, Al Diar, and the retail division contributed significantly towards the profitability of the company.

The strong performance of the company’s new hotels - Park Hyatt Abu Dhabi Hotel ’&’ Villas, Sofitel Dubai Jumeirah Beach and Ritz-Carlton Abu Dhabi, Grand Canal led to an increase in the total revenue of the company’s hotel division to AED 562 m as compared to AED 468 m during the same period in 2012.

The company’s retail business reported a profit of AED 49 m whilst Al Ghazal, ADNH’s transport division registered total revenues of AED 176.96 m and share of profits from the company’s joint venture catering division was AED 67.88 m.
 

We accept Guest Posts