(MENAFN) Abu Dhabi's Waha Capital reported that its profit more than doubled during the July-September period of this year, due to higher income from its stake in AerCap Holdings, Emirates 24/7 reported.
During the third quarter of 2014, the company recorded a growth in its net profit by 181 percent to reach USD82 million compared with USD29.17 million registered in profit during the same period last year as a result of strong contributions from the company's stakes in both AerCap Holdings and Dunia Finance.
During the first nine months of this year, the firm's net profit reached USD 435.48 million compared with USD62.87 million during the same period in 2013, while the company's assets stood at USD2.53 billion compared with USD1.41 billion during the same period last year
"The company has significant capital at its disposal to fund future investments. We intend to develop our platforms in the high-potential areas of energy and healthcare in the coming years, building scale organically and through select acquisitions," Chief Executive Officer and Managing Director of Waha Capital said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.