Kuwait Finance House posts 46% drop in Q3 profits

by Eman Goma Sunday, 25 October 2009

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

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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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