ALAFCO results for first half of current fiscal year (ended 31 March 2010)

Kuwait City, Kuwait – 21 April 2010 ALAFCO Aviation Lease and Finance Company reported a net profit of KD 5 million (US$ 17.36 million) for the first half of its current fiscal year that ended 31 March 2010, a 57% increase compared to the same period last year. Operating profit rose 51% to KD 9.3 million (US$ 32.13 million), while earnings per share reached 6.75 fils compared to 4.29 fils during the previous year. The company’s total assets increased 51% reaching.....

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