Kuwait's Alafco full-year profit up 1.3 percent

KUWAIT, Nov 10 (Reuters) - Kuwait's Aviation Lease and Finance Co (ALAF.KW) (Alafco) posted a 1.3 percent rise in full-year net profit to 10.2 million dinars ($36 million), or 14.81 fils per share, on Tuesday.

Alafco said it recommended an 8-for-100 bonus share issue.

Total assets for the year rose 49.5 percent to 390 million dinars, while shareholder equity rose 15 percent to 93.6 million.

The aircraft leasing company secured $460 million financing in the fiscal year to buy aircraft, chairman Ahmad Alzabin said in a statement.

Alafco's shares rose 1.0 percent on Tuesday, outperforming the main benchmark .KWSE which closed 0.2 percent down. The results were released after the market closed.

There are 1,000 fils to a dinar. (Reporting by Eman Goma; Editing by Dan Lalor)