ADNH reports growth
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Hospitality firm Abu Dhabi National Hotels (ADNH) has announced that its full-year profit rose by 48% last year, in comparison to 2008. Arabian Business reported that preliminary results showed operating revenue had increased by 3.7%, while net profits rose to US$118 million from the previous year’s US$80 million. In preliminary results posted on the Abu Dhabi bourse website, the company added that total operating revenue increased by 3.7%. ADNH owns several major hotels, including Hilton and Le Meridien properties, all of which are based in Abu Dhabi.
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