Mubasher: Aviation Lease and Finance (Alafco) reported a year-on-year rise of 72.8% in profits during the first quarter ended 31 December, 2016.
Earnings increased to KWD 5.2 million ($17 million) in Q1 ended 31 December, 2016 from KWD 3.01 million ($9.9 million) in the same period a year ago, according to a recent statement.
Operating revenues increased by 27% to KWD 19.22 million from KWD 15.13 million a year ago.
On the stock level, Alafco rose by 0.83% to 244 fils after 48,000 shares were exchanged at a value of nearly KWD 11,620.
