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Waha Capital suffers AED 616mn loss in 2019 unaudited financials

Waha Capital suffers AED 616mn loss in 2019 unaudited financials
The company’s total income declined to AED 246.5 million
Waha Capital
OILC
4.65% 0.90 0.04

Abu Dhabi – Mubasher: Waha Capital, a leading investment company in Abu Dhabi, incurred losses attributed to the company’s shareholders of AED 616.29 million during fiscal year 2019, against profits of AED 145 million in 2018, the company’s unaudited financial results for 2019 showed.  

The company’s total income declined to AED 246.5 million in 2019 from AED 814.3 million in 2018, according to a bourse disclosure on Tuesday.  

Meanwhile, losses per share settled at AED 0.33 last year, compared to earnings per share of AED 0.08 the year earlier.

Total assets of the Abu Dhabi-based leading investment company decreased to around AED 9.347 billion in 2019 from AED 11.671 billion the prior year.  

It is noteworthy to mention that during the third quarter of 2019, Waha Capital reported net losses of AED 205 million, against profits of AED 55.4 million in the same period in 2018.