"Waha Capital, the Abu Dhabi-listed investment company, posted a 90 per cent drop in second-quarter profits.
The news came as the value of its investments dropped along with the fortunes of the property and financial sectors in which it invests.
Its net profit dropped to Dh5.9 million (US$1.6m) from Dh59.4m in the same quarter the year earlier, the company said in a statement yesterday on the Abu Dhabi Securities Exchange (ADX) website."
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