Kuwait-Mubasher: Aviation Lease and Finance (Alafco) said that it is expecting overall profits worth KWD 1.85 million ($6.18 million) from two contracts.
Alafco said that it will achieve KWD 1.425 million profits from selling two aircrafts, the company said in a bourse filing.
This financial impact will reflect in the financial statements of the second quarter in 2016.
Alafco added in a separate bourse statement that it will yield profits worth KWD 421,924 from an agreement signed for purchasing and re-leasing two aircrafts included in a deal worth KWD 58.8 million.
It added that this financial impact will be registered in the company’s financial statements for the period ending 30 September, 2016.
The company’s stock settled at 180 fils during the trading session of Wednesday.
