Kuwait – Mubasher: Aviation Lease and Finance Company’s (Alafco) profits for the fourth quarter ended on 30 September 2016 rose by 5.35% to KWD 4.13 million ($13.6 million), compared to KWD 2.69 million ($8.86 million) for Q4-15.
Annual profit declined 12.3% to KWD 14.07 million from KWD 16.04 million for the fiscal year ended on 30 September 2015, according to a bourse filing released on Wednesday.
The company earlier posted a net profit of KWD 3.88 million for Q3-16, 24.8% down from KWD 5.16 million for Q3-15.
