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Kuwait Finance House Q3 profit up 12.1% YOY

Kuwait Finance House KSCP's third-quarter net profit attributable to owners of the parent company rose 12.1% year over year to 82.8 million Kuwaiti dinars from 73.9 million dinars.

The bank's net operating income increased 7.0% and total operating income was up 4.3%.

Basic and diluted EPS for the quarter stood at 12.02 fils, compared to 10.74 fils in the same period of 2018.

Net operating profit was up 15.7% year over year to 152.3 million dinars, while total operating revenue grew 11.5% year over year to 222.8 million dinars.

For the nine months ended Sept. 30, the bank reported attributable profit of 190.5 million dinars, compared to 169.1 million dinars in the year-ago period.

Basic and diluted EPS rose 12.6% year over year to 27.67 fils.

As of Oct. 21, US$1 was equivalent to 30 Kuwaiti fils.