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First Takaful Insurance Q3 profit rises 165%

First Takaful Insurance Q3 profit rises 165%
(Photo credit: Arabianeye - Reuters)
FTI
FTI
4.23% 197.00 8.00

Kuwait – Mubasher: First Takaful Insurance reported on Tuesday a net profit of KWD 132,550 ($436,390) for the third quarter of fiscal 2016, 165.1% up from KWD 50,010 ($164,650) for Q3-15.

Net profit for the first nine months of 2016 reached KWD 965,420, compared to a net loss of KWD 134,530 for the same period of 2015, according to a bourse filing.

The company earlier posted a net profit of KWD 832,870 for the first half of 2016, compared to a net los of KWD 184,540 for H1-15.