Bank of Bahrain and Kuwait '07 profit down 8.5%

Published Monday, February 04, 2008

By Agencies

Bank of Bahrain and Kuwait's full-year profit fell 8.5 per cent in 2007 from the year-earlier period.

The lender made a profit of $79.93 million, it said in a statement on the bourse website on Monday. It did not give a reason for the profit decline.

Earnings per share dropped to 43 fils per share in 2007 compared with 47 fils in 2006, it said. There are 1,000 fils to the dinar.

The bank also proposed a cash dividend of 27 per cent or 27 Kuwaiti fils and a bonus share of one stock for every 100 held. There are 1,000 fils to the Kuwaiti dinar ($3.66). (Reuters)

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