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Abu Dhabi’s Waha Capital Q3 Net Jumps On Investment Income

Abu Dhabi’s Waha Capital Q3 Net Jumps On Investment Income

Waha made a net profit of Dhs301.2 million ($82 million) in the three months to Sept. 30, up from Dhs107.1 million in the year-ago period, it said in a statement.

Abu Dhabi’s Waha Capital on Sunday said its third-quarter profit more than doubled, driven by higher income from its stake in AerCap Holdings.

Waha made a net profit of Dhs301.2 million ($82 million) in the three months to Sept. 30, up from Dhs107.1 million in the year-ago period, it said in a statement.

AerCap, in which Waha Capital owns a 14.1 per cent stake, recorded a 117.6 per cent year-on-year rise in earnings per share in the third quarter.

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