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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)

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