Burgan Bank’s profit rises 9% - Emirates24|7

Burgan Bank’s profit rises 9%


Kuwaiti lender Burgan Bank, a unit of Kuwait Projects Co said first-quarter profit rose 9 per cent.

Net income in the three months to March 31 climbed to 24.55 million dinars ($92.50 million), or 26 fils per share, compared with 22.53 million dinars, or 25.6 fils per share, in the year-earlier period, the lender said in a statement on the Kuwaiti bourse website. There are 1,000 fils in a dinar.

First-quarter earnings include 3.2 million dinars of unrealised gains from investments, bank said, without giving other details about the profit rise. (Reuters)