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Al-Ahli Bank profits up 11.5% in Q1-15

Al-Ahli Bank profits up 11.5% in Q1-15
Photo Credit: Arabianeye-Reuters
ABK
ABK
-1.28% 231.00 -3.00

Al-Ahli Bank of Kuwait recorded an increase of 11.5% in its earnings of Q1-15, posting a net profit worth KWD 9.05 million ($29.95 million) compared to KWD 8.12 million ($26.87 million) in Q1-14.

The bank’s earning per share rose to 6 fils from 5 fils in Q1-14.

Al-Ahli’s operating revenues grew by 4% to KWD 31 million in Q1-15 from KWD 29.82 in Q1-14.