Mubasher: The financial statements of the Kuwaiti companies are expected to record a growth of 6% in profits during the third quarter of 2017 compared to the same period in the previous year, Bahrain’s Securities & Investment Company (SICO) said in a recent report.
The Kuwaiti banks are forecast to register an annual rise of 7% in profits during Q3-17, while the telecom segment is projected to post a decline of 8% in the third quarter.
Meanwhile, SICO expected Zain to achieve KWD 40 million profits in Q3-17, which will be 6% lower than the earnings registered in Q3-16.
Ooredoo is expected to post a drop of 15% in profits to KWD 11 million in Q3-17, SICO added in its report.
It is worth noting that SICO is one of the premier wholesale banks in the MENA region, with its headquarters in Bahrain.
