Abu Dhabi – Mubasher: The National Corporation for Tourism and Hotels (NCT&H) has reported a 29% net profit rise to AED 158.72 million ($43.2 million) for the year ended 2014, compared to a net profit of AED 123.274 million ($33.56 million) in 2013.

In its filing to the Abu Dhabi Securities Exchange (ADX), NCT&H revealed that it achieved operational revenue of AED 781.34 million in 2014 against AED 588.4 million the year before. Moreover, earnings per share (EPS) grew to AED 0.33 against AED 0.26 in 2013.

Profits for Q4-14 reached AED 50.27 million compared to AED 47 million in the same period the year before, a rise of 7%.

NCT&H had reported a net profit leap by 43% for the first nine months of 2014, reaching AED 108.45 million against AED 76.34 million in 2013.

NCT&H’s capital amounts to AED 480 million at par value AED 1 per share.