ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 10:12 UAE time

YOUR DIRECTORY /

| Share |

Kuwait Finance House posts 46% drop in Q3 profits

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 25 October 2009
Q3 RESULTS: KFH posted a 46 percent decline in third-quarter net profit. (ITP Images)
Q3 RESULTS: KFH posted a 46 percent decline in third-quarter net profit. (ITP Images)

Kuwait Finance House (KFH), the country's biggest Islamic lender, posted a 46-percent decline in third-quarter net profit on Sunday.

Net income in the three months to September 30 fell to KD34.3m ($120.1m), compared with KD63.23m in the same period a year ago, KFH said in a statement on the Kuwait bourse website on Sunday.

Coast Investment had expected KFH to post third-quarter net profit of KD48.07m. (Reuters)

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST ISLAMIC FINANCE

  1. Double digit growth for Islamic banking assets in 2009
  2. World Bank unit to list sukuk in Dubai, Bahrain
  3. Bahrain Islamic Bank posts Q3 loss on bad loans
  4. Islamic finance growth seen 10-20% in 3 yrs - study
  5. Qatar Islamic Bank reports $51.44m Q3 profits

TOP MIDDLE EAST BUSINESS STORIES

  1. Abu Dhabi transport chiefs give Eid gift to motorists
  2. Emirates 'forced' to raise fares on some German routes
  3. Daman gets tough on healthcare fraudsters
  4. NASDAQ Dubai chairman resigns
  5. Kuwait firms coping amid global crisis - Ernst & Young

ALSO IN MIDDLE EAST ISLAMIC FINANCE

  1. Islamic banks should target female market - report
  2. Tamweel records 95% fall in Q3 profit
  3. Islamic finance steps up
  4. Moody's sees 50% surge in sukuk issuance this year
  5. Dubai’s debt move

LATEST MIDDLE EAST BUSINESS NEWS

  1. Politics & Economics: Dubai debts crisis: latest news
  2. Politics & Economics: Moody's cuts Dubai GRI ratings amid debt delay
  3. Politics & Economics: Job losses seen slowing in UAE - StanChart
  4. Transportation: Abu Dhabi transport chiefs give Eid gift to motorists
  5. Banking & Finance: Cost of insuring Dubai's debt rises further

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

KFIN.KSE

Last Price:

1,100.00

+20.00+1.85%

25 Nov 2009 09:29 GMT
(Market Closed)

RELATED STORIES

Q3 Profit 2009
3 stories
  1. Tamweel records 95% fall in Q3 profit
    22 Nov '09 | News
  2. Air Arabia Q3 profit down 9% on H1N1, Ramadan
    14 Nov '09 | News
  3. Gulf Air expects $500m loss in 2009 - paper
    11 Nov '09 | News
Kuwait Finance House
| 64 stories
  1. Big Kuwait, Bahrain banks Q3 profits sag on Saudi loans
    25 Oct '09 | News
  2. Kuwait property sales slide 38% in year to July
    10 Sep '09 | News

 EMAIL ALERTS

  1. Kuwait Finance House

  2. Islamic Finance


CURRENCY CONVERTOR

Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 20
    27 Nov ' 09 at 09:22
    This has got nothing to do with positive or negative, with pessimism or optimism, its about the truth, the whole truth and nothing but...   More  »
  2. UAE real estate market has now hit bottom - analysts 05
    27 Nov ' 09 at 00:48
    Arabian Business has serious credibility issues to serve up this slop after Dubai has just defaulted. What expert analysts? Send them...   More  »
  3. Moody's cuts Dubai GRI ratings amid debt delay 02
    26 Nov ' 09 at 19:51
    Dubai World better change its slogan & reposition itself - Dubai LTD.   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY