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KFH posts 24% growth in Q4 net income
- Kuwait: Monday, February 18 - 2013 at 04:12
Kuwait Finance House (KFH) has said its fourth-quarter net profit jumped 24%, thanks to its restructuring programme, but the numbers fell short of analyst estimates, Reuters has reported. The Gulf country's largest Islamic lender made a net profit of KD11.8m, compared with KD9.54m in the same period a year earlier. KFH said in 2012 it was reshuffling its top management and planned to work with advisors to sell, merge or restructure unprofitable subsidiaries after a fall in profits in 2011.
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