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AUB – Kuwait’s Q2 profits rise 4%

AUB – Kuwait’s Q2 profits rise 4%
AUB on Thursday reported a 4.4% year-on-year increase in profits in Q2-17
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Kuwait – Mubasher: Ahli United Bank – Kuwait (AUB) on Thursday reported a 4.4% year-on-year increase in profits in the second quarter of 2017.

The Kuwait-listed bank achieved profits of KWD 10.49 million ($34.58 million) in Q2-17 from KWD 10.05 million ($33.13 million) in Q2-16.

In the first half of 2017, the bank’s profits levelled up 3.3% to reach KWD 26.49 million, compared to KWD 25.64 million in H1-16.

The rise in the bank’s profits in H1-17 came on the back of a 4.8% growth in operating profits to KWD 38.75 million.

AUB previously said it logged KWD 16.003 million in profits for Q1-17, up 2.6% from KWD 15.59 million in Q1-16.