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CBK sees 26% decrease in quarterly profits

CBK sees 26% decrease in quarterly profits
Commercial Bank of Kuwait
CBK
CBK
1.39% 512.00 7.00

Mubasher: Commercial Bank of Kuwait (CBK) reported a 25.9% decline in profits in the third quarter (Q3) of 2019, as shown by the company’s financial results on Monday.

Profits totalled KWD 6.82 million ($22.53 million) compared with KWD 9.19 million ($30.36 million) in Q3-18, according to a bourse filing.

On the other hand, profits rose by 9.1% in the January to September period, reaching KWD 16.62 million, compared with KWD 15.23 million in the same period last year.