Gulf Insurance’s Profit Jumps 18%

KUWAIT, 27 October 2005 — Kuwait’s Gulf Insurance Co. said on Tuesday its nine-month profit rose 18 percent to 5.2 million dinars ($17.81 million) from 4.4 million dinars in the same period last year. The company said in a statement on the Kuwait bourse website that earnings per share rose to 48.7 fils from 40 fils. Third-quarter earnings rose to 1.5 million from 1.2 million while earnings per share were up to 14.3 fils from 11.9 fils.