KFH Q3 net profit down 23pc
Kuwait, October 28, 2010
Kuwait Finance House (KFH), the country's biggest Islamic lender, posted a 23-percent decline in third-quarter net profit on Thursday.
Net income in the three months to September 30 fell to 26.5 million dinars ($94.24 million), according to Reuters calculations from a KFH statement.
That compared with 34.3 million dinars in the same period a year ago.
Analysts surveyed by Reuters had expected KFH's third quarter net profit to range between 40 million and 48 million dinars. - Reuters