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Burgan Bank reports 10% increase in Q1 net profit

: Tuesday, May 13 - 2014 @ 09:52

Kuwait’s third-largest lender by assets, Burgan Bank has posted a 10% jump in first-quarter net profit, beating analyst estimates, Reuters has reported. Burgan, a unit of Kuwait Projects Co (KIPCO), made a net income of KD17.1m ($60.8m) in the three months to the end of March, compared with KD15.6m in the same period a year ago. Analysts had estimated a net profit of KD16.07m for the first quarter.

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Tuesday, May 13- 2014 @ 9:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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