Abu Dhabi – Mubasher: Abu Dhabi National Hotels (ADNH) reported a 7% year-on-year decline in its profits during the first quarter of 2017, according to a bourse filing.

Profits reached AED 85.7 million ($23.33 million) in Q1-17, compared to AED 92.18 million ($25.1 million) in Q1-16.

Operating revenues fell 2.7% to AED 353.77 million in the three-month period ended 31 March, compared to AED 363.66 million in the prior-year period.