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Gulf Bank posts 10% rise in Q1 net income

: Wednesday, April 16 - 2014 @ 09:28

Kuwait lender, Gulf Bank has reported a 10% jump in first-quarter net profit, missing analysts’ estimates, Reuters has reported. The country’s fourth-largest lender by assets said net profit for the three months to the end of March was KD8.73m ($31.1m), compared with KD7.94m in the same period a year ago. Analysts at Global Research and Arqaam Capital had forecast a net profit in the period of KD9m and KD10m, respectively.

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Wednesday, April 16- 2014 @ 9:28 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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