22-Apr-2010 11:38 AM

ALAFCO reports surging profits in 1H2010

Aviation Lease and Finance Company (ALAFCO) reports (21-Apr-2010) the following financial highlights for the six months ended 31-Mar-2010:

  • Operating profit: USD32.3 million, +51% year-on-year;
  • Net profit: USD17.4 million, +57%;
  • Total assets: USD1,659 million, +51%;
  • Shareholder’s equity: USD344.6 million, +12%. [more]

*Based on the conversion rate at KWD1 = USD3.47