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Waha Capital Q2 profit down 90%

 
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Kirk
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PostPosted: Mon Jul 26, 2010 7:07 am    Post subject: Waha Capital Q2 profit down 90% Reply with quote

Abu Dhabi-listed Waha Capital, in which the emirate's government holds a 15% stake, has said its Q2 net profit plunged by 90% to Dhs5.99m ($1.63m) from Dhs54.5m a year earlier, as earnings in invested firms slumped, Reuters has reported. The firm's revenues for the three months ending June 30 were Dhs76.7m, down 20%.
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