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Alafco to consider Q3 financials on Wednesday

Alafco to consider Q3 financials on Wednesday
Alafco achieved a surge of 214% in profits in Q2
ALAFCO
ALAFCO
0.47% 213.00 1.00

Mubasher: Aviation Lease and Finance (Alafco) will hold its board meeting on Wednesday, 18 July, to consider the income statements of the third quarter that ended on 30 June 2018, according to a bourse statement on Sunday.

During the second quarter that ended on 31 March 2018, Alafco achieved a surge of 214% in profits to KWD 17.59 million compared to KWD 5.59 million in the same period last year.

In the six-month period that ended on 31 March 2018, Alafco registered an increase of 135.1% in profits to KWD 25.37 million from KWD 10.79 million in the corresponding period a year ago.

At the stock level, Alafco closed Sunday’s session 0.84% higher at 360 fils.