Kuwait Finance and Investment Company posts dinar 1.8m

Kuwait Finance and Investment Company (KFIC) on Tuesday announced a net profit of KD 1.8 million (about USD 6.18 million) in the first nine months of this year, indicating the earnings per share reached 6.17 fils, compared with 10 fils in the same period of 2013.
The company stated that the net profit in the same period of 2013 reached KD 2.9 million (about USD 9.96 million).
In its statement published on the website of Kuwait Stock Exchange, the company said that shareholders' equity totaled KD 37.8 million (about USD 129.85 million) from January to September 2014, compared with KD 36.1 million (about USD 124 million) in the same period of 2013.
The company's total assets hit KD 64.8 million (about USD 222.6 million), the statement added, noting the liabilities reached KD 23.7 million (about USD 81.4 million) in the first nine months of 2014, compared with KD 30.9 (about USD 106.1 million) in the same months of 2013.
Established in 2000 and enlisted in KSE in 2003 with a paid-up capital of KD 30.7 million, Kuwait Finance and Investment Company provides loans for real estate and industrial activities and trades in financial securities in addition to other activities