Wednesday 03, February 2010 by
KFH posts drop in full-year net profit
Kuwait Finance House (KFH) said that full-year net profit fell to KWD 118.74 ($412.7 million) from 156.9 million in 2008. Kuwait Finance House's (KFH) Chairman and Managing Director, Bader Al-Mukhaizeem, announced that KFH has achieved total revenues for 2009 of KWD 766.7 million ($2,666 million), and gross profits for the same year of KWD 316.5 million ($1,100 million), and that the profit to investment depositors reached KWD 192.584 million ($669.4 million), which will be distributed as follows: 2.7 per cent return for continuous investment deposits, 2.1 per cent return for Al-Sudra deposit, and 1.8 per cent for saving investment accounts, after taking KWD 203.8 million ($709 million) as a group provisions.
