Press Release: Alafco's net profit KD47m for the year ended 30 September 2011
Alafco announced a net profit of KD47m for the fiscal year ended 30 September 2011, exceeding four folds increase as compared to KD10.8m earned last year. The profit per share also rose more than four times to Fils 60 versus Fils 14 in the previous year. The Company's assets increased 8% to KD581m, and the shareholders equity jumped 39% to KD142.5m. The Board of Directors has recommended the distribution of cash dividends of Fils 10 per share subject to approval by the general assembly.
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