Mubasher: The financial results of Arab International Hotels showed that its Q4-15 profits surged 824.48% year-over-year from JOD197,370 ($277,490) to JOD1.82million ($2.56 million).
However, its net annual profits dropped 23.04% to JOD1.96 million ($2.75 million), compared with JOD2.54 million ($3.58 million).
The board of directors recommended cash dividends at 8% or JOD2.56 million of paid-up capital that stands at JOD32 million.
The company’s profits for the first nine months of 2015 bounced back 94.21% to JOD136,050 ($191,280), compared to JOD2.35 million ($3.3 million) in 2014.
