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Alafco half year profit down 25%

29 April 2009

The Kuwaiti lessor’s first half figures are down on last year, but the company is confident it is realising its regional expansion plans.

Read more: [Alafco] [Kuwait] [Wataniya]

Kuwaiti leasing company Alafco has posted a net profit of KWD3.2 million ($11 million) for the six months to the end of March 2009.

The figures represent a drop of a quarter on 2008’s first half profit of KWD4.3 million.

Operating profit for the period held up...


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