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CFC posts KD 8.57 million in net profit for '15

KUWAIT, Feb 11 (KUNA) -- Commercial Facilities Company (CFC) announced net profit totaling KD 8.57 million with 0.17 fils per share for the fiscal year 2015, compared to KD 10.8 million and 0.21 fps for the previous year.
CFC said in a statement on Kuwait Stock Exchange (KSE) Thursday its total shares reached KD 168.2 million in end of 2015, compared to KD 169.7 million in the previous year.
CFC total assets reached KD 333.2 million and overall liabilities amounted to KD 164.9 million in fiscal year 2015.
The company was established in 1977 as the first Kuwaiti closed shareholding company, specialized in providing installment credit facilities to finance consumer and commercial products. CFC main services are financing deals in new, used cars, boats and marine equipment, furniture, electrical appliances, basic construction materials. It also grants personal cash loans and commercial loans. (end) fh.mb