- DUBAI: Abu Dhabi’s Waha Capital posted a 3.4 percent increase in its second-quarter earnings, despite a drop in total income, the company said in a statement.
The Abu Dhabi-listed firm said second quarter net profit climbed to AED6 million (($1.63 million) compared with AED5.8 million in the comparable period one year earlier.
For the first half of the year, net profits totaled AED35.8 million, the company said.
Total income in the second quarter fell to AED64.3 million from 96.5 million in the year-ago period. Assets increased to AED3.87 billion in the first half from 3.80 billion at the end of 2010.
The investment firm inked a deal for a $505 million credit facility and is “actively looking” to deploy the capital in June.