ALAFCO FIRST QUARTER NET PROFIT OF KD 25.4 MILLION

ALAFCO Aviation Lease and Finance Company financial results for the first half of the current fiscal year ended March 31, 2011 show net profits rose five times to KD 25.4 million versus KD 5 million in the previous year.  Earnings per share increased five fold to 32.63 fils as compared to 6.23 fils in the previous year. Total revenue during the first half rose 39% to KD 25.9 million against KD 18.6 million earned during the same period last year.  The company’s total assets increased by 25% to KD 574.3 million and shareholders’ equity increased by 22 percent to KD