ALAFCO posts Kuwati denar 4.3m net profit in Q4

ALAFCO Aviation Lease and Finance Company (KSCC) said Sunday it made profits of KD 4.35 million in the fourth quarter of 2013 by 5.58 fils per share compared to 14.3 fils of the same period in 2012.The total shareholders' equity amounted to KD 184.7 million in the fourth quarter of 2013 compared to KD 174.3 million in the corresponding period of 2012, the company said in a statement on Kuwait Stock Exchange (KSE) website.During the third quarter of 2013, the value of ALAFCO's assets amounted to KD 652.6 million compared to KD 410 million in the corresponding period of 2012, while the liabilities reached KD 467.9 million, the statement added. Aviation Lease and Finance Company (KSCC), headquartered in Kuwait, is a global aircraft leasing company founded in 1992 by Kuwait Airways Corporation (KAC) and acquired by Kuwait Finance House (KFH) in 2000.Listed in the Kuwait Stock Exchange in 2006, ALAFCO's main activities are aircraft operating leases, sale and leaseback of aircraft, aircraft lease management.