Abu Dhabi National Hotels delivers growth in 9M-24 financials - Mubasher Info

ADNH
ADNH -1.35% 0.59 -0.01

Abu Dhabi – Mubasher: Abu Dhabi National Hotels logged net profits amounting to AED 1.18 billion in the first nine months (9M) of 2024, higher than AED 288.86 million in 9M-23.

Revenues from contracts with customers stood at AED 1.92 billion as of 30 September 2024, up year-on-year (YoY) from AED 1.10 billion, according to the unaudited financial results.

Basic and diluted earnings per share (EPS) attributable to the owners climbed to AED 0.09 in 9M-24 from AED 0.02 in 9M-23.

Income Results for Q3-24

In the third quarter (Q3) of 2024, Abu Dhabi National Hotels recorded lower net profits at AED 30.24 million, compared to AED 49.49 million in July - September 2023.

The revenues jumped to AED 694.49 million in Q3-24 from AED 300.22 million in Q3-23, while the basic and diluted EPS shrank to AED 0.002 from AED 0.004.

As of 30 June 2024, the net profits attributable to the shareholders of Abu Dhabi National Hotels enlarged to AED 1.15 billion from AED 239.36 million a year earlier.

Source: Mubasher Source: {{details.article.source}}