Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Abu Dhabi National Hotels dropped to AED 147.64 million in the first quarter (Q1) of 2023 from AED 152.76 million in Q1-22.
The ADX-listed firm posted revenues amounting to AED 446.62 million in Q1-23 from AED 408.11 million in Q1-22, according to the consolidated interim income statements.
Basic and diluted earnings per share (EPS) attributable to the shareholders hit AED 0.12 during the first three months (3M) of 2023, down from AED 0.15 in the year-ago period.
Total assets reached AED 9.67 billion during Q1-23, versus AED 10.12 billion as of 31 December 2022.
During April 2023, the UAE company disbursed cash dividends valued at AED 200 million for 2022.
Last year, Abu Dhabi National Hotels registered net profits worth AED 415.09 million, a leap from AED 272.71 million in 2021.
