Kuwait Finance House (KFH), the country's biggest Islamic lender, reported on Thursday an 11.5 percent decrease in first-quarter net profit, missing analysts estimates.
Net profit fell to 20 million dinars ($72 million) from 22.6 million dinars in the same period a year ago, the lender said in a bourse filing.
Analysts in a Reuters survey had predicted 23.48 milliondinars net profit on average for the quarter to end-March. The bank said in March it would shuffle its top management and work with advisors to sell, merge or restructure unprofitable subsidiaries.
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