Mubasher: Palestine Insurance Company reported on Wednesday a 1139.1% surge in its profits for the third quarter of 2016.

Profit reached $690,300 in Q3-16, compared to $55,710 in Q3-15, according to a bourse filing.

The company's profits hiked 394.5% to $1.63 million in the first nine months of 2016, compared to $329,630 in the year-ago period.