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FINANCIAL NEWS
Kuwait’s KAFCO to post 100 percent profit increase
20 Oct 2014
(MENAFN) Kuwait Aviation Fueling Company (KAFCO) said it is predicting a 100 percent rise in profits in the current fiscal year, QNA reported.
These predictions come as a result of the company’s sales of aviation fuel, which reached approximately 221.875 million liters in the second quarter of the 2014-2015 fiscal year, with an increase of 27.562 million liters compared to 194.313 million of liters sold during the same period of time in 2013.
KAFCO is projected to post record earning, during the present fiscal year, with profits expected to reach USD34.57 million, compared to USD17.28 million earned in 2013.
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