CORRECTED-Kuwait Finance House Q2 net profit up 9.4% year on year - Reuters:
Kuwait Finance House (KFH) , the country’s biggest Islamic lender, posted a 9.4% annual rise in net profit in the second quarter of this year, the bank said on Wednesday.
Net profit attributable to shareholders in the second quarter amounted to 56.1 million Kuwaiti dinars ($184.34 million), though net operating profit decreased by 2.3% to 122.6 million dinars.
In the first half of this year, net profit rose 13.1% on an annual basis, mainly because of an increase in total operating income and lower operating expenses, KFH said.
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