Jul 31 2011 |
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Kuwait Gulf Bk 2Q Net Pft Jumps To KWD8.5M From KWD1.5M Yr Ago
Sunday, Jul 31, 2011
(This item was originally published Thursday.)
BEIRUT (Zawya Dow Jones)--Kuwait's Gulf Bank Thursday said its second-quarter net profit soared almost six times to 8.5 million Kuwaiti dinars ($31.2 million) from KWD1.5 million in the year-earlier period.
First-half net profit jumped to KWD18.3 million from KWD2 million a year earlier, the lender said in a statement posted on the Kuwait bourse website.
Total assets stood at KWD4.7 billion at the end of June, up 4.2% from KWD4.51 billion a year earlier, the bank said.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
31-07-11 0337GMT
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