ADNH posts Dh1.9 billion revenues

ABU DHABI - Abu Dhabi National Hotels, or ADNH, announced its financial results for the year ending 31st December 2011. For 2011, total group revenue increased by four per cent to Dh1.9 billion while gross profits increased by 18 per cent to close at Dh356 million.

By (Wam)

Published: Wed 15 Feb 2012, 10:38 PM

Last updated: Tue 7 Apr 2015, 11:17 AM

Net profit for the year reached Dh263 million and the company’s total assets stood at Dh10.1 billion as on December 31, 2011. As a result of the company’s positive performance in 2011, it is recommended that a dividend payment for the 2011 results in the sum of Dh50 million be paid equivalent to five per cent of the nominal value of the issued share capital.

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