The Commercial Bank of Kuwait posted KD 62.7 million (USD 207 million) worth of net profits in H1 2024 with a profit per share at 34.9 fils. Chairman Sheikh Ahmad Duaij Al-Sabah said in a press statement on Saturday that the operational profits before provisions reached KD 61.1 million (USD 201 million) vis a vis KD 57.1 million (USD 188 million) compared to the same period last year -- rising by 7.0 percent. Net earnings dropped by 9.4 percent settling at KD 62.7 million (USD 207 million) in H1 this year, compared to KD 69.2 million (USD 227 million) in the identical period in 2023. Operational earnings before provisions rose by seven percent reaching KD 61 million (USD 201 million) in the period ending on June 30, 2024, in contrast to KD 57 million (USD 188 million) in last year's corresponding period. Source: Kuwait News Agency
Related Articles
Gold Prices Poised for Monthly Gain
Gold prices declined on Friday but are on track for a second consecutive month of gains, on prospects of a US interest rate cut in September, while traders awaited key US inflation data for further insights.
Spot gold was trading at $2,513.99 per oun…
Oil Prices Rise at US Market Close
Oil prices rose at settlement at the end of Wednesday’s trading, following the announcement of a decline in crude oil and gasoline inventories in the US last week.
Brent crude futures rose by 42 cents, or 0.5 percent, to reach $85.08 per barrel upon …
Real Estate Trading Volume Exceeds QR 460 Million in Week
Doha: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from Sept. 22-26 reached QR 407,172,662 while the total sales contracts for the real estate…