Mubasher: Kuwait Finance House (KFH) achieved a growth of 17.1% in profits during the second quarter of fiscal year 2017 as compared to the same period a year ago.
The bank’s earnings increased to KWD 43.06 million ($141.89 million) in Q2-17 from KWD 36.78 million ($121.19 million) in Q2-16, according to a bourse statement issued on Sunday.
During the first half this year, KFH achieved a rise of 15.2% in profits to KWD 81.65 million, compared to KWD 70.88 million in the first half of 2016.
The increase in Q2 profits is attributed to a growth of 2.7% in net finance income, a rise of 78.3% in investment income, and a 2.1% increase in other income, according to KFH’s statement.
At the stock level, KFH closed Sunday’s trading session 0.4% higher at 498 fils.
