Abu Dhabi's Multiply Group declines as second-quarter profit nearly halves

** Shares of Multiply Group ADX:MULTIPLY, a subsidiary of Abu Dhabi conglomerate International Holding Company (IHC) ADX:IHC, fall as much as 4.7% to 2.6 dirhams

** Co says net profit nearly halved to 472.8 mln dirhams ($128.73 million) in Q2 from 939.2 mln dirhams a year earlier

** YTD, Multiply Group stock up 27.5%; Abu Dhabi index ADX:FADGI down 0.5% on Tuesday

($1 = 3.6726 UAE dirham)