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Kuwait Finance House dives after missing Q1 estimates

: Monday, April 21 - 2014 @ 17:49

The Kuwait Stock Exchange’s market index fell by 0.20 per cent to 7,435.88 points on Sunday, April 20. Kuwait Finance House (KFH) plummeted by 2.32 per cent to KWD0.840. Earlier in the day, KFH Reuters reported that KFH reported a 13 per cent rise in first quarter net profit on Saturday, April 19, missing analyst estimates. KFH’s net profit climbed to KWD26.06 million ($92.54m) in the first three months of 2014, up from KWD23m in the same period last year. The seventh largest lender in the GCC saw its revenues increasing by one per cent year on year, to reach KWD224.4m ($794.37m).

 

Gérard Al-Fil

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Monday, April 21- 2014 @ 17:49 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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