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Islamic Finance Briefing - Categorized | Banking, Performance more

Kuwait’s KFH Q2 profit falls 43 pct; misses view

Posted on 19 July 2011

Kuwait Finance House (KFH) , the country’s biggest Islamic lender, reported a 43 percent fall in the second-quarter net profit, missing analysts forecasts for the fourth consecutive quarter.
Net profit in the three months to June 30 came in at 22.8 million dinars ($83.2 million), compared with 39.9 million dinars in the same period last year, KFH said in a statement on the Kuwaiti bourse website on Monday. Two analysts polled by Reuters expected the company to earn net profit of 29.1 million dinars and 29.8 million dinars for the second quarter……………………………………….Full Article: Source

 
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