Kuwait - Mubasher: First Takaful Insurance Company posted on Sunday a net profit of KWD 491,350 ($1.63 million) for the second quarter of the fiscal year 2016, against net losses of KWD 221,534 ($732,780) for Q2-15.

Net profit reached KWD 832,870 in the first half of fiscal 2016, compared to net losses of KWD 184,540 reported for the same period of 2015, according to a bourse filing.