ADNH announces Dh304.9m 2010 profit

Abu Dhabi National Hotels (ADNH) on Thursday announced its preliminary results for the year 2010 with a profit of Dh304.9 million.

The financial results underline a positive performance and highlight ADNH's commitment to sustained growth and profitability.

Richard W. Riley, Chief Executive Officer of ADNH, commented: "Our positive results reflect management's efforts towards expanding our portfolio", while confirming his gratitude to the Chairman and Board of Directors of ADNH for their continued support and guidance.

He also mentioned the groups' positive outlook for the year 2011, and ADNH's strategic commitment to deliver two landmark properties, "The Ritz Carlton Abu Dhabi Grand Canal and Park Hyatt Abu Dhabi Hotel and Villas" this year.

Wam

Follow Emirates 24|7 on Google News.