
Noor Financial likely to record 76% profit hike in 9M – Analyst
Noor Financial Investment is expected to register a 76.1% profit growth during the first nine months of fiscal year 2018 compared to the same period a year ago, capital market analyst Ahmad Jassim Al Qamr told Mubasher.
Earnings are forecast to rise to KWD 8.1 million ($26.7 million) from January to September 2018 compared to KWD 4.6 million ($15.2 million) in the corresponding period of 2017, Al Qamr added.
In the first six months of 2018, Noor posted a leap of 146.1% in profits to KWD 2.8 million from KWD 1.2 million in the same month a year ago.
-Mubasher