RIYADH, 21 March 2007 — Kingdom Hotel Investments (KHI), a major international hotel and resort investment company controlled by Prince Alwaleed bin Talal, chairman of Kingdom Holding Company, said yesterday that its 2006 profit rose 68 percent to $99 million.
Net income in the same period rose 248 percent to $42.8 million and EPS was up 53 percent to $0.26. “Its strong revenue and profit growth demonstrate the strength of KHI’s business model,” the company said.
Revenue up 68 percent to $99 million as against $58.8 million in 2005; gross profit up 24 percent to $14.3 million (2005: $11.5 million).
EBITDA up by 67 percent to $30 million (2005: $18.0 million).
Net income skyrocketed by 248 percent to $42.8 million (2005: $12.3 million); and EPS up 53 percent to $0.26 (2005: $0.17). It had primary listing on DIFX and GDS’s on LSE following a successful IPO in March 2006.
