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Kuwait Finance House Q3 Net Profit Up 17%, Beats Estimates

Kuwait Finance House Q3 Net Profit Up 17%, Beats Estimates

The Islamic lender’s net profit rose to KD39.3 million.

Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 17 per cent rise in third-quarter net profit on Wednesday, beating analyst estimates.

Net profit rose to KD39.3 million ($138.6 million) from KD33.7 million in the same period a year ago, the lender said in a bourse filing.

Five analysts in a Reuters survey had predicted KD37.4 million net profit on average for the quarter to the end of September.

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