Kuwait Finance House, the Gulf state's largest Islamic lender, on Sunday posted a 26.9 percent drop in its first-quarter net profit, missing analysts forecasts.
The lender made 22.6 million dinars ($81.88 million) in the three months ending March 31, compared with a net profit of 30.9 million dinars in the comparable period one year earlier, the company said in a statement on Sunday.
Two analysts polled by Reuters estimated that Kuwait Finance House's net profit would range between 36.3 million dinars and 37 million dinars for the first-quarter.
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