Abu Dhabi: Waha Capital, an investment company based in Abu Dhabi, has reported a 2015 preliminary net profit of Dh588 million.
The company said the earnings were driven by key investments in the aircraft leasing and consumer finance sectors, as well as a strong performance from the company’s capital markets portfolios.
Net profit for 2015 was 18 per cent higher than the adjusted net profit of Dh498.1 million achieved a year earlier, after taking out net non-recurring items, primarily the one-off gain that the company recorded in 2014 on the company’s stake in AerCap Holdings, according to the company.
Earnings per share were reported at Dh0.31 for 2015, compared to the adjusted figure of Dh0.26 achieved during the corresponding period in 2014, which represents an increase of 19 per cent.
The company’s fourth-quarter net profit totalled Dh121 million, down 15 per cent from the net profit of Dh142.1 million in the same period in 2014.