Abu Dhabi – Mubasher: Waha Capital reported net profits attributable to the owners of AED 264.48 million during the first half (H1) of 2021, against net losses of AED 27.208 million in the same period of 2020, as per the company's consolidated financials for the six-month period ended 30 June 2021.

The company's revenues increased to AED 156.444 million in H1-21, compared to AED 146.461 million in the corresponding period of 2021.

The basic and diluted earnings per share (EPS) settled at AED 0.14 in the first six months of 2021, against losses per share of AED 0.01 in the year-ago period.

In the second quarter (Q2) of 2021, the company recorded net profits of AED 153.9 million, down 42% from AED 267.246 million in the same quarter of 2020.

The Chairman of Waha Capital, Waleed Al Mokarrab, said: "Waha Capital has successfully navigated the diverse challenges presented by the pandemic over the last 18 months, including widespread economic disruption as well as volatility in global capital markets and in oil prices."

Meanwhile, the company's CEO, Ahmed Khalifa Al Mehairi, commented: "The Public Markets business has grown into a significant emerging markets money manager, with assets under management of over $1 billion, and our funds have continued to provide attractive returns to Waha Capital and third-party investors."

It is noteworthy to mention that in the first quarter (Q1) of 2021, the company reported net profits attributable to the owners of AED 110.581 million, against net losses of AED 294.454 million in the same quarter of 2020.