Bahrain's National Hotels Company (NHC) posted a BD1,383,214 ($3.82 million) record net profit for last year, it was announced.
The company, which owns the Diplomat Radisson SAS Hotel, also announced a seven per cent dividend for shareholders and an extra month's salary for employees as a reward for their outstanding performance.
This is the first time in five years that the company has distributed a dividend. The net profit for 2000 was BD745,878.
Board chairman Ahmed Abdul Rahman Al Zayani said that last year was exceptional.
"Last year was a very difficult year for tourism, particularly after the September 11 terrorist attacks on the US when people all over the world stopped travelling," he said.
"Despite this, we were able to score a success and post record results. For the first time ever the hotel's sales surpassed BD5 million and it posted a profit of BD1,383,214."
Al Zayani said that the performance of the company's employees deserved praise.
"We are happy to announce that the Board has decided to present the employees with a monetary reward in recognition of the efforts that have resulted in these great results and to encourage them to continue the hard work," he added.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.
Bahrain: | +973 1729 3131 |
Dubai: | +971 4 3422 020 |
London: | +44 208 943 3630 |
Editorial: | [email protected] |
Advertising: | [email protected] |