Waha Capital lowers net losses in H1-20

The company's revenues from the sale of goods and services declined

  
An investor is seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018.

An investor is seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018.

REUTERS/Satish Kumar

Abu Dhabi – Mubasher: The financial results of Waha Capital showed net losses of AED 27.21 million in the first half (H1) of 2020, down from AED 182.23 million in the same half of 2019.

The company's revenues from the sale of goods and services declined to AED 146.46 million in H1-20 from AED 153.62 million in H1-19.

The company's total income recorded AED 221.38 million in the January-June period in 2020, down from AED 249.159 million in the same period of the earlier year.

The basic and diluted losses per share stood at AED 0.01 in the first six months of 2020, against AED 0.10 in the corresponding period of last year.

Meanwhile, the company saw net profits of AED 267.25 million in the second quarter (Q2) of 2020, versus AED 124.4 million net losses in the same quarter of 2019.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities