Kuwait-Mubasher: Kuwait Finance House’s (KFH) profits grew 14% in the first quarter of 2016 as compared to the same quarter in 2015, according to a bourse statement.
KFH achieved earnings worth KWD 34.1 million ($112.9 million) in Q1-16, compared to KWD 29.9 million ($99 million) in Q1-15.
Net finance revenues as well as investment revenues fell by 6% and 48% respectively.
On KSE’s level, the stock ended Wednesday’s session at 490 fils, after 1.24 million shares were exchanged with a value of nearly KWD 600,600.
