Gulf Bank 4Q16 net profit at KWD33.1mn, up 7.4% Y-o-Y
Gulf Bank reported a net profit of KWD10.1mn (USD33.1mn) in 4Q16, an increase of a 7.4% Y-o-Y compared to KWD9.4mn in 4Q15, according to Reuters' calculations based on financial statements. Net profit for FY16 reached KWD42.9mn, according to a bourse filing, up 10% Y-o-Y from KWD39.0mn in FY15. The bank's board of directors proposed a cash dividend of 7 fils per share for FY16. This compares with the 2015 DPS of 4 fils per share.(Reuters)
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