Kuwait – Mubasher: Commercial Bank of Kuwait’s (CBK) profits rose in the first quarter of fiscal 2016 by 23% to KWD 7.77 million ($25.75 million), versus KWD 6.32 million ($20.95 million) in Q1-15.
The rise was mainly attributed to the increasing revenue and cash dividends, according to a bourse filing.
CBK’s profit declined 6% in 2015 to KWD 46.2 million ($153.44 million) from KWD 49.1 million ($163.07 million) in 2014.
