Mubasher TV
Contact Us Advertising   العربية

Abu Dhabi National Hotels sees higher profits in 2022; dividends unveiled

Abu Dhabi National Hotels sees higher profits in 2022; dividends unveiled
Photo Archive
ADNH
ADNH
1.18% 0.60 0.01

Abu Dhabi – Mubasher: Abu Dhabi National Hotels witnessed an annual leap in net profit to AED 415.09 million in 2022 from AED 272.71 million, according to the financial results.

Revenues from contracts with customers widened to AED 1.45 billion in 2022, versus AED 1.08 billion in the 12-month period that ended on 31 December 2021.

The company’s total assets amounted to AED 10.12 billion last year, up from AED 9.82 billion in 2021.

Basic and diluted earnings per share (EPS) stood at AED 0.42 in the January-December 2022 period, a growth from AED 0.27 a year earlier.

Dividends

The board of Abu Dhabi National Hotels agreed on 7 February 2023 to disburse cash dividends and bonus shares for 2022 representing 20% of the company’s capital, each.

In the first nine months (9M) of 2022, the ADX-listed firm generated net profits attributable to the equityholders worth AED 291.75 million, higher than AED 87.89 million in the year-ago period.