NBK’s halfyearly results نتائج البنك الوطني للنصف الأول
July 19, 2012 Leave a Comment
NBK just announced the results of the first half of 2012, which showed a lower net profit of KD 27 million. That would negatively affect EPS and P\E.
NBK being the strongest company, financially, on the stock exchange means that these results will have a negative impact on KSE’s activity for the next few months at least. The economy is stagnant and lacks motivational projects and investments, all of which means that future prospects for NBK and other healthy companies will be hard to achieve.
This year marks NBK’s 60th anniversary. As shareholders, we’re accustomed to NBK distributing better dividends and cash on anniversary years. So I don’t know how this lower performance will impact that tradition.
Frankly, I don’t see it as helping, unless NBK earmarked the KD 27 million difference to surprise shareholders with later in the year. All of which is impossible, since we don’t live in fairyland.
I guess we’ll have to wait to see how NBK will reward their shareholders.