Commercial Facilities Company (CFC) announced in a press release on Sunday its financial results for the three months ended March 31, 2012. Led by strong revenue growth in its core operations, CFC reported a net profit of 4.594 million Kuwaiti dinars for the first quarter in 2012 compared to KD 3.334 million for the same period in 2011, an increase of 38 percent.
CFC's success in the first quarter of 2012 was due to its maintained marketing strategy in financing new and used cars, cash and installment loans, as well as consumer and company loans. In addition, the implementation of the debt collection policy played a vital role in maintaining the company's assets.
Commenting on the company's 2012 performance, Abdullah Saud Al-Humaidhi, Chairman and Managing Director, CFC, said, "CFC's first quarter results reflects the company's extremely positive start of 2012, positioning CFC for the rest of 2012. CFC's first quarter results are a testimony of the consistent positive performance that we have been able to achieve."
"In addition to sparing no efforts to generate the highest profits, CFC always strives to apply its strategic plan with optimum precision in order to provide the best services for its customers. The company has been distinguished for its good services and the strong experience of its work team which all had led to our clients' satisfaction."
CFC is one of the leading finance companies in Kuwait with strong presence in the market for the past 35 years, thanks to its uniqueness in best serving its clients, quick processing of transactions and remarkable convenience.
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