Tuesday, 1 May 2012

Kuwait's Gulf Bank Q1 profit down 25 pct | Reuters

Kuwait's Gulf Bank posted a 25 percent fall in first-quarter net profit, it said in a statement on Tuesday.

Net profit for the first three months ending March 31 was 7.37 million dinars ($26.58 million), compared to 9.78 million in the same period a year ago, the bank said in the statement on the Kuwait bourse website.

Gulf Bank's stock fell 2.3 percent to 430 Kuwaiti fils by 0843 GMT.

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