Kuwait Finance House Q3 profit rises 7.5%
Net profit rose to $186.2m in the three months to September 30
Dubai: Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 7.5 per cent rise in third-quarter net profit according to a statement on Monday.
Net profit rose to 56.2 million dinars ($186.2 million; Dh682.58 million) in the three months to September 30, Reuters calculated based on nine-month results provided by the company.
EFG Hermes analysts had forecast a net profit of 55.9 million dinars.
National Bank of Kuwait, the Gulf Arab state’s largest commercial lender, last week reported a 7.3 per cent rise in third-quarter net profit.
For the nine-month period, KFH reported a net profit of 137.9 million dinars, up 12 per cent from a year earlier.
It cited a rise in operating income and a drop in operating expenses.
