20-Jan-2010 11:53 AM

ALAFCO reports strong financial performance in 1QFY2010

Aviation Lease and Finance Company (ALAFCO) reports (19-Jan-2010) the following financial highlights for the three months ended 31-Dec-2009:

  • Total revenue: USD30.3 million, +48% year-on-year;
  • Operating profit: USD15 million, +47%;
  • Net profit: USD8 million, +54%;
  • Total assets: USD1,600 million. [more]

*Based on the conversion rate at KWD1 = USD3.48