ADNH Net Profit Up 47.9 Percent
Published by Irhal
recorded a record-breaking net profit of Dh432.92 million for the fiscal year ending December 31, 2009, 47.0 percent higher than the Dh292.74 million net profit recorded in 2008. Earnings per share increased to Dh 0.43 in 2009, up from Dh 0.29 in 2008. ADNH which owns the Hilton, Le Meridian, and Sheraton-managed properties in the UAE, added three hotels to its portfolio in 2009 and will open the 438 room…
ADNH which owns the Hilton, Le Meridian, and Sheraton-managed properties in the UAE, added three hotels to its portfolio in 2009 and will open the 438 room Sofitel Dubai Jumeirah Beach hotel in December 2010.
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