Waha Capital Q2 profit drops 85% after one-off gain in 2014

Waha a year earlier recorded a one-off gain from its investment in Aercap Holdings
Waha Capital Q2 profit drops 85% after one-off gain in 2014
By Reuters
Thu 13 Aug 2015 11:20 AM

Abu Dhabi investment firm Waha Capital made a net profit of AED166.86 million ($45.4 million) in the second quarter, down from AED1.14 billion a year earlier, it said in a bourse statement.

Waha a year earlier recorded a one-off gain of AED1.31 billion from its investment in Aercap Holdings.

AerCap Holdings, in which Waha was the largest shareholder, at the time bought American International Group's aircraft leasing business in a $5.4 billion cash and share deal.

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