Kuwait Finance House (KFH) has reported a lower than expected 4.7 percent drop in third quarter net profit. The Gulf state’s largest Islamic bank said it made a net profit of KWD 25.3 million ($91.7 million) in the July to September quarter compared to profit of KWD 26.5 million ($96.1 million) in the same quarter last year.
In a statement on the Kuwait Stock Exchange website KFH said net profit for the first nine months of the year fell 27.2 per cent to KWD 70.8 million ($256.7 million) from KWD 97.3 million ($352.8 million) the same period a year earlier………………………………………..Full Article: Source