Kuwait Finance House Q1 profit up 42.8%

Published Monday, April 14, 2008

By Agencies

Kuwait Finance (KFH), the Gulf's second largest Sharia-compliant lender by market value, said on Monday first-quarter profit rose by 42.8 per cent.

The lender, Kuwait's biggest by market value, made a profit of KWD73.4 million in the first three months after KWD51.4 million in the same period last year, according to a statement on Kuwait bourse website.

There are 1,000 fils in a dinar.

In a Reuters survey last month, Global Investment House said it expected KFH to make a first-quarter profit of KWD60 million. (Reuters)

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