Abu Dhabi – Mubasher: The National Corporation for Tourism and Hotels (NCTH) has revealed that its profits for the third quarter and first nine months of 2018 had declined.

The company achieved AED 13.3 million ($3.62 million) in net profits for Q3-18, down 20.8% year-on-year from AED 16.8 million ($4.57 million), it said in a filing to the Abu Dhabi Securities Exchange (ADX).

As for the period from January until September, NCTH’s profits were down 7% to AED 63.2 million from AED 68 million in the year-ago period.

NCTH previously posted AED 18.8 million in net profits in Q2-18, registering a rise of 4.4% from AED 18 million achieved in the same period of 2017.