Abu Dhabi National Hotels (ADNH), a leading hospitality group in the UAE, has reported an operating revenue of Dh701 million ($190.7 million) for the first half of the year.

However, the company’s total assets dipped to Dh9.49 billion in H1 compared to Dh9.65 billion in 2014.

“The first half of 2015 has been a successful period for ADNH and its business divisions,” said Hareb Al Muhairy, ADNH Board Member. “Significant achievements have been recorded by all our business divisions and we ensured we have laid the basis of further strategic growth.”

Overall, the hotels division accounted for 68.3 per cent of the total operating revenue, with the properties owned and managed by ADNH having met the budgeted figures.

Other ADNH business divisions have had an outstanding performance during the first six months of the year. Al Ghazal Transport has seen not only an improved financial performance, but also an improved quality of services. The transportation company occupied the second position in TransAD performance evaluation ranking, having advanced from the sixth position during the same period of last year.

With regard to its financial performance, Al Ghazal Transport recorded an 8 per cent revenue increase as compared to the same period of 2014. Overall, 36 per cent of the division total revenue came from new or renewed business.

ADNH Compass, the Joint Venture between ADNH and the UK-based Compass Group, delivered profit shares from its catering business showing an increase of 17.8 per cent as compared to the same period in 2014. – TradeArabia News Service