DUBAI: Kuwait Finance House (KFH), the Gulf state’s biggest Islamic lender, reported a 13.7 percent jump in second quarter net profit on Tuesday, according to Reuters calculations from the company’s data, but missed analysts’ forecasts.

Net profit rose to 32.4 million dinars ($107.2 million) in the three months to June 30, from 28.5 million dinars in the same period a year ago, Reuters calculated as the bank did not provide quarterly results breakdown in an earnings statement.

Four analysts polled by Reuters had forecast, on average, a quarterly profit of 35.7 million dinars. Still, the result continued the positive earnings season for Kuwaiti lenders, with National Bank of Kuwait and Gulf Bank also reporting strong profit growth on Tuesday.

KFH made a net profit of 62.3 million dinars in the first half of 2015, up 14.1 percent on the corresponding period of last year, it said in a statement.

Its half-year performance was aided by a 15 percent increase in net interest income — which covers traditional banking activities such as lending — to 186.8 million dinars, as well as benefits accrued from restructuring debts with customers.—Reuters