Waha Capital reports Q2 preliminary profit of Dh1.1b
Published: Jul 22, 2014
Source: Emirates 24|7


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Waha Capital reports Q2 preliminary profit of Dh1.1b

Recorded high earnings contribution from AerCap

Waha Capital, an investment company based in Abu Dhabi, on Tuesday reported a preliminary net profit of Dh1.138 billion for the second quarter of 2014, up from Dh38.4 million recorded in the corresponding period a year earlier.

The record quarterly net profit for the company -- the first time quarterly net profit has exceeded the AED 1 billion mark -- was largely due to the unlocking of part of the value in Waha Capital’s stake in AerCap Holdings NV following the New York-listed company’s acquisition of International Lease Finance Corporation (ILFC), a transaction that closed in May this year. Read more>>>

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