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The Tractor Boys finish the season on 96 points – just one fewer than champions Leicester - to go from the third tier to the first in successive seasons
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Gulf Bank posts 36% profit drop
KUWAIT CITY- Kuwait’s Gulf Bank posted a 36 per cent drop in second-quarter profit as provisions rose.
Net income fell to KD5.4 million ($19 million), or two fils a share, from KD8.5 million, or three fils per share, a year earlier, the bank said in a statement to the Kuwait Stock Exchange on Monday.
“The bank further increased the precautionary reserve by KD34 million to reach KD124 million, in line with its strategic plan to create a ‘fortress balance sheet’,” it said.
Gulf Bank is delivering “good results, despite the difficult economic conditions,” chairman Mahmoud Al Nouri said in the statement.
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