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Sun 9 Nov 2014 11:41 AM

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Abu Dhabi's Waha Capital Q3 profit more than doubles

Surge was driven by higher income from its stake in AerCap Holdings

Abu Dhabi's Waha Capital Q3 profit more than doubles

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 AED301.2 million ($82 million) in the three months to September 30, up from AED107.1 million in the year-ago period, it said in a statement.

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

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