Abu Dhabi-Mubasher: Waha Capital reported a 22.1% decline in its second-quarter profits, according to a bourse statement.

Profits stood at AED 130 million ($35.39 million) in Q2-16, compared to AED 166.86 million ($45.42 million) in Q2-15.

The company generated profits of AED 305.86 million in H1-16, a 12.4% decline from 349.03 million in H1-15.

Earnings per share (EPS) fell to AED 0.17 in H1-16 from AED 0.18 in the prior-year period. Meanwhile, total income grew 7.1% to reach AED 622.18 million in H1-16, compared to AED 580.84 million in H1-15.

Total expenses amounted to AED 319.69 million in H1-16, up 38.1% from AED 231.47 million in H1-15.

The company’s stock stabilised at AED 2 in Thursday's early trades, with a turnover of AED 20,000 generated from the exchange of 10,000 shares.