ADNH 2007 Q3 profit AED 66m -6%, M9 328m +63% 25 Oct 2007

[sharewadi]

ADNH 2007 third quarter reports

ADNH 2007 Q3 results
ADNH 2007 M9 results

Abu Dhabi National Hotels (ADNH) profit figures for third quarter 2007 are (EPS annualised in brackets):

2007 Q3 profit = AED 65.801m -5.8% from 2006 Q3, EPS = 0.09 dhs (0.36 )
2006 Q3 profit = AED 69.879m, EPS = 0.10 dhs
2007 M9 profit = AED 327.859m +62.8% from 2006 M9, EPS = 0.46 dhs (0.61 )
2006 M9 profit = AED 201.399m, EPS = 0.28 dhs

EPS figures calculated from Net Profit / 720,000,000 shares outstanding.

ADNH share price at close on 25 Oct 2007 was 9.05 dhs, so 2007 estimated PE is about 9.05 / 0.36 = 25.1 which is higher than the market average PE of about 16 if Q3 EPS annualised but a more reasonable looking 14.9 if M9 profits are annualised.

Previous result and related topics

ADNH 2007 Q2 profits - not reviewed
ADNH 2007 Q1 profit AED 135m +83% on 2006 Q1
ADNH 2006 FY profit AED 293m -12% from 2005 - 31 Jan 2007

ADNH foreign ownership to 25% - GN 04 March 2006
_________________
UAE IPO list | posting guidelines