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Sun 25 Oct 2009 03:15 PM

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Kuwait Finance House posts 46% drop in Q3 profits

The country's biggest Islamic lender said net income for Q3 fell to KD34.3m ($120.1m).

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,

said in a statement on the Kuwait bourse website on Sunday.

Coast Investment had expected

to post third-quarter net profit of KD48.07m. (Reuters)

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