Mubasher: Arab Pesticides and Veterinary Drugs Manufacturing Company (Mobedco) recorded a 78.6% year-on-year profit increase in the third quarter of 2016, according to the company’s statement to the Amman Stock Exchange (ASE) on Sunday.

Profits increased to JOD 878,690 ($1.24 million), compared to JOD 491,850 ($692,850) in the third quarter of last year.

In the nine-month period that ended 30 September 2016, the company’s profits grew 31.68% to JOD 2.58 million, from JOD 1.95 million in the same period in 2015.