Sunday 13 February 2011

Kuwait's KFH Q4 profit falls 29 pct, misses f'casts | Reuters

Quarterly profit at Kuwait Finance House (KFIN.KW) (KFH), the Gulf state's biggest Islamic lender, fell 29.2 percent, missing analysts' forecasts.

The lender made 8.7 million dinars ($31.13 million) in the three months to Dec. 31, Reuters calculated, compared with 12.3 million dinars in the prior-year period.

Two analysts polled by Reuters had estimated an average fourth-quarter profit of 36.4 million dinars.

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