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Kuwait Finance House (KFH) net profit rose 22.7% to KD 169.1 million (US $ 588 million) in the first nine months of 2018, compared to K 137.8 million for the same period last year. Previous year.
KFH said in a press release that earnings per share for the first nine months of 2018 was 27.04 per share, compared with 22.06 per share for the same period of 2017, a 22.6 per cent growth. %.
Hamad Al Marzouq, chairman of KFH, said the net financial income at the end of the third quarter of 2018 amounted to 404.82 million KD (about 1.33 billion USD), a growth of 25, 4% compared to the same period of the previous year.
Al Marzouq added that total operating revenues up to the end of the third quarter of this quarter amounted to 589.6 million dinars (about $ 1.9 billion), an increase of growth rate of 12.3% compared to the same period of the previous year.
Net operating income was 367.5 million dinars in the first nine months of 2018, an increase of 18% over the same period in 2017.
Al Marzouq said that the group's total assets had increased by 4.3% and the financing portfolio by 6.8%, while the depositors' account balances had increased by 4.4% compared to the previous year. end of the previous year.
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