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KFH posts 33% rise in net profit
- Kuwait: Sunday, October 28 - 2012 at 03:55
Kuwait Finance House (KFH) has reported a 33% increase in third-quarter net profit, beating analyst estimates, Reuters has reported. Net profit rose to KD33.7m ($119.9m) from KD25.3m in the same period a year ago. Analysts had predicted a KD19.7m profit on average for the quarter. For the first nine months of this year, net profit rose 7.2% to KD75.9m. Total assets increased to KD14.2bn, up 6.3% from a year earlier, while deposits climbed 2% to KD8.9bn.
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