Kuwait Finance House achieves $669mln Q3 net profit

Kuwait Finance House achieves $669mln Q3 net profit

Kuwait - Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net profit for its shareholders of KD 205.8 Million up to the end of Q3 of 2022; an increase of 22.4% compared to the same period last year. Earnings per share up to the end of Q3 of 2022 reached 21.9 fils; an increase of 19.9% compared to the same period last year.

Net financing income up to the end of Q3 of 2022 reached KD 508.5 Million; an increase of 14.8% compared to the same period last year.

Net operating income up to the end of Q3 of 2022 reached KD 463.4 Million; an increase of 27.2% compared to the same period last year.

Cost to income ratio up to the end of Q3 of 2022 improved to 33.6% compared to 38.3% in the same period last year, supported by higher total operating income during the period.

Financing receivables as of the end of Q3 of 2022 reached KD 12.47 Billion; an increase of KD 1.1 million or 9.8% compared to end of last year.

Investment in Sukuk for Q3 of 2022 reached KD 3.1 Billion; an increase of KD 348 million or