Aabar Investments, the Abu Dhabi fund in the process of converting to a private joint stock company, suffered a 1.38 billion dirham ($375.8 million) loss for the second-quarter, hurt by a surge in derivatives liabilities.
The state-owned firm, also the largest shareholder in German automaker Daimler, made a net profit of 202 million dirhams for the first half of the year, it said in a statement to the bourse.
Aabar did not provide any earnings numbers for the second-quarter. Reuters calculated the second-quarter loss based on previous financial statements. The company made a net profit of 1.58 billion dirhams in the first-quarter, helped by derivatives income.
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