FINANCIAL NEWS

UAE – Waha net profit boosted 289 per cent in Q3

13 Nov 2013

(MENAFN) Net profit of Abu Dhabi-based investment firm Waha Capital has significantly increased by 289 percent in the third quarter of its fiscal year, according to The National.

The company’s investments in other companies, like New York-based AerCap and UAE consumer finance company Dunia Finance, were the reason behind the rise in its net profit.

Its net income reached USD29.15 million in the three months, up from USD7.485 million during the same period in 2012.

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