Mubasher: Al Eqbal Investment Company reported an 11.25% year-on-year decline in net profits, as shown per the company’s unaudited financial results in the third quarter of 2016.

Profits reached JOD 7.26 million ($10.22 million) Q3-16, compared to JOD 8.18 million ($11.52 million) in the Q3-15, according to the company’s statement issued on Monday.

However, the company recorded a 9.75% rise in profits in the nine-month period that ended 30 September to JOD 27.25 million from JOD 24.83 million in the same period last year.