UAE- Waha Capital’s Q2 earnings up 3.4%

01 Aug 2011

(MENAFN) Waha Capital reported that earning’s for the second quarter of the current fiscal year amounted to USD1.63 million, thus earnings increased by 3.4 percent, year on year, reported Reuters.

The company stated that although earning’s went up from last year’s second quarter, where earnings totaled to USD1.6 million, the company experienced a decrease in total income.

The Abu Dhabi-based firm added that total income in the second quarter went down from USD26 million reported last year to USD17.5 million, while assets increased to USD1.05 billion in the first half from USD1.03 billion at the end of 2010.

All in all, the company reported net profits of USD9.7 million for the first half of the current year.

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