Abu Dhabi National Hotels: Abu Dhabi National Hotels reports AED 292.5 million net profits

Abu Dhabi National Hotels reports AED 292.5 million net profits

Abu Dhabi, 31 January 2007: Abu Dhabi National Hotels (ADNH) today announced a net profit of AED 292.5 Million for the financial year ending December 31, 2006.

These preliminary annual results indicate a 12 per cent decline in net profits from the previous year due to the overall performance of banking investments in local stock funds.

Operating profit increased to AED 276 Million, up 22 per cent. Revenue also increased to AED 1.2 Million, up 11 per cent. The hotel division showed strong growth, reporting net profits of AED 233 Million, up 36 per cent. Al Ghazal Transport results were also up sharply, more than doubling net profit for the division to AED 11 Million, up 107 per cent over 2005. Other income excluding securities investments increased to AED 69 Million from 60 Million the previous year.

News Archive
	10 December 2008 - ADNH appoints new Group Director of HR
	29 November 2008 - New Chief appointed at Al Ghazal Transport
	26 November 2008 - Site preparation of ADNH’s Park Hyatt Resort on Saadiyat completed
	25 November 2008 - Al Diar Capital Hotel spruces up lobby and restaurant
	11 November 2008 - ADNH – YOTEL sign MOU to develop two new hotels in Abu Dhabi
	05 November 2008 - ADNH to showcase its hospitality services at the World Travel Market
	04 November 2008 - ADNH appoints Richard Riley as CEO
	31 October 2008 - ADNH’s 9-month revenues reach AED 1.24 billion
	22 September 2008 - ADNH-Park Hyatt sign agreement for island resort on Saadiyat Island
	30 July 2008 - ADNH net profit in Q2 touches AED 276 million
	06 July 2008 - Al Diar Hotels & Etihad Airways launch joint summer promotion
	01 June 2008 - Al Ghazal Transport opens in-house training centre
	21 May 2008 - ADNH sponsors the first Abu Dhabi International Women’s Volleyball Tournament
	06 May 2008 - ADNH signs MoU with international luxury brand to manage Saadiyat Island Resort
	20 April 2008 - ADNH reports AED 136.4 million net profits in Q1
	23 April 2008 - ADNH to increase capital from AED 720 million to AED 1 billion
	22 April 2008 - ADNH bids farewell to Al Mansoori, welcomes Al Hajeri as new Chairman
	16 April 2008 - Al Ghazal Transport adds Audi A6 to its limousine fleet
	08 April 2008 - ADNH participates at GIBTM
	17 March 2008 - Al Diar Capital initiates paper, plastic recycling
	11 February 2008 - Al Diar Capital Hotel offers high-speed internet
	30 January 2008 - ADNH reports net profit of AED477 million for 2007– a 63% growth over 2006
	16 January 2008 - Capital Hotel signs up with European International College to train staff
	31 January 2008 - Abu Dhabi National Hotels reports AED 292.5 million net profits
	22 January 2008 - ADNH sponsors Al Ain Aerobatics Show for 5th consecutive year
	07 January 2007 - Al Diar Capital Hotel appoints new General Manager
	02 July 2006 - ADNH to build SAADIYAT beach destination resort AED 700 million investment in Island of Happiness