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Waha Capital Reports Little-Changed Second-Quarter Profit

July 30 (Bloomberg) -- Waha Capital PJSC, a United Arab Emirates-based investment and leasing company, reported little-changed second-quarter profit.

Net income was 6 million dirhams ($1.6 million), compared with 5.98 million dirhams a year earlier, Waha Capital said in an e-mailed statement today. Revenue for the three months through June dropped 33 percent to 64.3 million dirhams. Waha Capital’s assets rose to 3.87 billion dirhams as of June 30, the statement showed.

Waha Capital dropped 1.5 percent to 67 fils on the Abu Dhabi Securities Exchange on July 28, reducing the company’s market value to 1.27 billion dirhams.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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