ABU DHABI NATIONAL HOTELS COMPANY POSTS 47% PROFIT INCREASE

Info-Prod Research (Middle East), April, 2005

According to Al-Bayan newspaper (April 25, 2005), the Abu Dhabi National Hotels (ADNH) posted a 47% profit increase to Dh 106.6 million for the first quarter of 2005, compared to Dh 72.7 million for the same period last year. "The company's results are an excellent beginning to the financial year, and I am delighted with the overall performance.

The hotel division is delivering very good results, and the indications are that this will continue, with all our hotels operating at high occupancy levels," said Khalifa Nasser Bin Huwaileel Al Mansoori, Chairman of Abu Dhabi National Hotels. Abu Dhabi National Hotels has business interests in transportation, tourism, duty-free, inflight catering & management of four, 5-star hotels in the United Arab Emirates.