Dubai – Mubasher: Dar Al Takaful Company posted on Sunday a net profit of AED 2.6 million ($707,000) for the second quarter of the fiscal year 2016, against net losses of AED 3.2 million ($871,000) for Q2-15.

Net losses shrank in the first half of fiscal 2016 by 53.3% to AED 1.4 million, compared to AED 3 million for H1-15, according to a bourse filing.

The company earlier reported net losses of AED 3.97 million for Q1-16, versus a net profit of AED 325,900 for Q1-15.