DUBAI, May 16 (Reuters) - Gulf Bank
Net profit for the three months to Mar. 31 was 8.77 million dinars ($29.09 million), compared to 9.78 million dinars in the year-earlier period, a bourse filing said.
It attributed the net profit fall to a 14 percent increase in provisions and impairment losses, without elaborating.
($1 = 0.3015 Kuwaiti dinars)
(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: firstname.lastname@example.org))
Keywords: GULF BANK RESULTS/Q1