Kuwait – Mubasher: Al Ahli Bank of Kuwait (ABK) on Sunday posted a net profit of KWD 7.76 million ($25.73 million) in the first three months of the year, registering a 14.4% decline from KWD 9.06 million ($30.04 million) reported in the year-ago period.
Operating profits grew 1.3% year-on-year in Q1-16 due to larger business and operations, the bank said in a filing to the Kuwait Stock Exchange (KSE).
ABK previously posted a profit of KWD 30.36 million in FY15.
