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FINANCIAL NEWS
Abu Dhabi’s Waha Q1 net profit falls by 3.5 percent
03 May 2016
(MENAFN) Waha Capital, the world’s main aircraft leasing firm recorded a 3.5 percent decline in Q1 profit, due to higher costs offsetting positive revenues.
The company made a net profit attributable to owners of the firm of USD 47.9mn in the cited quarter, compared to USD 49.58mn in 2015.
In addition, revenues from the sale of goods and services in Q1 of this year reached USD 23.51mn, against USD 15.19mn in the same quarter of 2015.
Moreover, the firm acquired USD 1.05mn extra shares in AerCap for USD 141.31mn in Q1, while it now holds a 15.8 percent share in AerCap.
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