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Kuwait's KFH sees profit rise 5%

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Monday, 13 October 2008
PROFIT RISES: KFH has posted a 4.9 percent rise in third quarter profit. (ITP Images)
PROFIT RISES: KFH has posted a 4.9 percent rise in third quarter profit. (ITP Images)

Islamic lender Kuwait Finance House (KFH), the country's largest bank by market value, posted a 4.9 percent rise in third-quarter net profit.

Net income in the three months to Sept. 30 rose to 63.23 million dinars ($235.9 million), compared with 60.26 million dinars in the same period a year ago, KFH said in a statement on the Kuwait bourse website on Monday.

Global Investment House had forecast KFH's third-quarter net profit at 78.50 million dinars, according to a survey by newswire Reuters. (Reuters)

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