NCTH profits down 8.5% in Q4-17

NCTH profits down 8.5% in Q4-17
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Abu Dhabi - Mubasher: National Corporation for Tourism and Hotels (NCTH) reported a decline in profits for the fourth quarter of 2017 by 8.5% year-on-year, according to a bourse filing.

The company said in a statement to the Abu Dhabi Securities Exchange (ADX) on Tuesday that profits totalled AED 35.86 million, compared to AED 39.21 million in the same period last year.

Annual profits amounted to AED 103.88 million, compared to AED 171.63 million in 2016, the statement noted.

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Source: Mubasher

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