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Al Ahli Bank of Kuwait : ABK profits grow 9.7% in Q1

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04/30/2017 | 04:44pm CEST

Mubasher: Al Ahli Bank of Kuwait (ABK) recorded an increase of 9.7% in profits during the first quarter of 2017 compared to the same period in 2016.

The bank’s earnings rose to KWD 8.51 million ($27.82 million) in Q1-17 from KWD 7.76 million ($25.37 million) in Q1-16, according to a bourse statement issued on Sunday.

The net operating profit of ABK enlarged by 7.4% to KWD 23.75 million in Q1-17 from KWD 22.12 million in Q1-16, endorsing the financial results of FY16.

Source : Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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