Abu Dhabi – Mubasher: The National Corporation for Tourism and Hotels (NCTH) posted a 87.4% growth year-on-year in its profits during the third quarter of 2016, according to a bourse statement.

Net profits reached AED 49.5 million ($13.5 million) in Q3-16, compared to AED 26.41 million ($7.2 million) in Q3-15.

In the first nine months of 2016, profits rose 30% to AED 132.42 million from AE 102 million in the same period of 2015.