Wednesday 24 October 2012

Kuwait's KFH Q3 net rises 33 pct, beats estimates | Reuters

Kuwait Finance House (KFH) , the country's biggest Islamic lender, reported a 33 percent increase in third-quarter net profit on Wednesday, beating analyst estimates.

Net profit rose to 33.7 million Kuwaiti dinars ($119.9 million) from 25.3 million dinars in the same period a year ago, according to a statement carried by state news agency KUNA.

Four analysts in a Reuters survey had predicted a 19.7 million dinar profit on average for the quarter.

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