Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

Dubai: Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders -  for the first six months of 2020, an improvement on the Dh124.38 million it recorded same time last year.

Overall net losses for the period was Dh49.76 million, as against a loss of Dh77.6 million from a year ago.

But for the April to June period, it had reported net profits of Dh267.2 million (against a loss of Dh124.4 million in 2019), brought about by a Dh300.1 million profit from a capital markets transaction.

There was also a private investment profit, of Dh3.2 million, as against a loss of Dh186.1 million a year before.

The Group has diversified interests, including in financial services, industrial real estate, healthcare, oil and gas, as well as maritime.