Quarterly profit at Kuwait Finance House (KFH), the Gulf state's biggest Islamic lender, fell 29.2 percent, missing analysts' forecasts.
The lender made KD8.7m ($31.13m) in the three months to December 31, Reuters calculated, compared with KD12.3m in the prior-year period.
Two analysts polled by Reuters had estimated an average fourth-quarter profit of KD36.4m.
Reuters calculated fourth-quarter earnings figures from previous financial statements. KFH reported a full-year net profit of KD106m on Sunday, compared with KD118.7m in 2009, it said in a statement to Kuwait bourse.
Nine-month net profit to September 30 stood at KD97.3m.
The board recommended to pay a 20 percent dividend and plans to distribute 8 free shares for every 100 held, the statement said.
Shares in KFH ended 1.7 percent higher on Sunday prior to the results.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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