Abu Dhabi – Mubasher: Abu Dhabi National Hotels on Wednesday reported a 3.4% increase in net profit during the fourth quarter of 2017, registering AED 106.5 million versus AED 103 million in the year-ago period.

The company’s net profit grew 1.7% to AED 247.9 million in 2017, compared to AED 243.782 million a year earlier, according to a company statement.

The growth in net profits can be attributed to the decline in both cost of services and cost of finance in the four quarters, despite the decrease in the company’s operating revenue, Abu Dhabi National Hotels concluded.