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Abu Dhabi's NCTH logs AED 72.5m profit in 9M

Abu Dhabi's NCTH logs AED 72.5m profit in 9M
Revenues soared to AED 557.97 million in 9M
NCT&H
NCTH
-1.64% 3.00 -0.05

Abu Dhabi – Mubasher: The net profit of the National Corporation for Tourism and Hotels (NCTH), listed on the Abu Dhabi Securities Exchange (ADX), amounted to AED 72.49 million during the period from January to September 2019, up from AED 63.17 million a year earlier.     

Earnings per share (EPS) registered 0.09 fils during the period ended in September 2019, compared to 0.08 fils, according to a bourse statement on Thursday.

Revenues soared to AED 557.97 million in the nine-month period in 2019 when compared to AED 509.86 million a year earlier.  

It is worth noting that during the first half of 2019, the firm posted an AED 55.52 million in net profit, compared to AED 49.88 million in H1-18.