Mubasher: Burgan Bank achieved an increase of 14.4% in profits during the first quarter of 2018 compared to the same period in the previous year.
Earnings grew to KWD 20.38 million ($67.76 million) in Q1-18 from KWD 17.81 million ($59.21 million) in Q1-17, according to a bourse statement on Monday.
The incline in Q1-18 profits is attributed to higher operating profits that increased by 11.5% to KWD 32.52 million from KWD 29.16 million in Q1-17.
At the stock level, Burgan Bank closed Monday’s session at 262 fils.
