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KAFCO posts KD 17.8 mln in net profits in 2014-2015

Director General of the Kuwait Aviation Fuelling Company (KAFCO) Ahmed Suleiman Al-Mudhaf
Director General of the Kuwait Aviation Fuelling Company (KAFCO) Ahmed Suleiman Al-Mudhaf

KUWAIT, April 20 (KUNA) -- Director General of the Kuwait Aviation Fuelling Company (KAFCO) Ahmed Suleiman Al-Mudhaf announced on Monday that the company has achieved 17.8 million Kuwaiti dinars (KD) in overall profit during the fiscal year 2014/2015 ending on March 31.
Al-Mudhaf told Kuwait News Agency (KUNA) that net profit this year amounted to KD 8.88 million, an increase of 11 percent, adding that the net profits of the fiscal year 2013/2014 amounted to KD eight million, attributing such increase to reduction in operating expenses and increasing marketing outlets for jet fuel.
He explained that the total actual expenses during the fiscal year 2014/2015, including consumption reached KD 11.5 million, compared to KD 11.7 million in the previous fiscal year 2013/2014 due to lower expenses.(end) asj.tb.tg