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UAE's Waha profit boosts to USD310m in Q2
(MENAFN) Abu Dhabi-based investment firm Waha Capital posted a significant growth in net profit in the second quarter of this year resulted from a one-off gain from its investment in AerCap Holdings, according to Arabian Business.
Waha's net profit was estimated at USD310.4 million in the second quarter compared to USD10.45 million in the year-ago period.
AerCap Holdings, in which Waha was its largest shareholder, bought American International Group's aircraft leasing business in a USD5.4 billion deal that was completed in May.
The company reported that: "Waha Capital booked a one-off gain related to the transaction, and recorded a higher earnings contribution from AerCap, because of the increase in scale, valuation and earnings per share at the aircraft leasing company."
Waha's net profit was estimated at USD310.4 million in the second quarter compared to USD10.45 million in the year-ago period.
AerCap Holdings, in which Waha was its largest shareholder, bought American International Group's aircraft leasing business in a USD5.4 billion deal that was completed in May.
The company reported that: "Waha Capital booked a one-off gain related to the transaction, and recorded a higher earnings contribution from AerCap, because of the increase in scale, valuation and earnings per share at the aircraft leasing company."
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