Abu Dhabi: Abu Dhabi National Hotels (ADNH), hospitality group with interests in hotels, catering, tourism and transport reported a net profit of Dh432.92 million compared to Dh292.74 million in 2008, reflecting growth of 47.9 per cent.
Sound performances in all operating divisions combined with earnings generated from investments boosted net profits by 47.9 per cent to 432.92 million from Dh292.74 million in 2008.
Earnings per share increased to Dh0.43 from Dh0.29 in 2008.
Saif Al Hajeri, ADNH'’s Chairman said: “We believe in the growth potential of our businesses. We will continue our efforts in emphasizing and developing new properties and products to ensure our reputation and exemplary market positioning are enhanced.”
“We added 3 hotels to our portfolio during 2009, with the 438 room Sofitel Dubai Jumeirah Beach opening in December, the 64 room Al Diar Barsha Apartments opening in June and the 79 room Siji Apartments in Fujairah opening in January.”
Richard W. Riley, CEO of ADNH said “ the addition of three hotel properties in 2009, the entrance of the Grand Canal Abu Dhabi to the market in 2010, combined with continued growth in our Catering, Transport and Tour divisions, ADNH is well positioned for 2010 and beyond”
