(MENAFN- Qatar News Agency) wait April 20 - Kuwait Finance House (KFH) said it had posted net profits of KD 71.012 million about (USD 252.4 million) in the first quarter of 2014. KFH Chairman Hamad Al-Marzouq said his bank had achieved gross profits of KD 71.012 mln for the first quarter of the fiscal year 2014. Net profits for shareholders reached KD 26.056 million about (USD 92.6 million) with an increase of 13 percent over the same period last year according to Kuwait News Agency (KUNA). Earnings per share increased by 1 percent to 6.12 fils over the same period last year. Total revenue increased by 1 percent to KD 224.4 million about (USD 797.2 million) over the same period last year he said in a statement. Assets volume increased by KD 2.3 billion about (USD 8.17 billion) to reach KD 17.3 billion an increase of 16 percent over the same period last year. Deposits increased by KD 636 million about (USD 2.2 million) to reach KD 10.3 billion (USD 36.6 billion) an increase of 7 percent over same period last year he added. Total Shareholders' equity increased by KD 359 million to reach KD 1.7 billion an increase of 27 percent over the same period last year.
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