Mubasher: Al Takaful Palestinian Insurance Company’s profits for the third quarter if the fiscal year 2016 declined by 5% to $353,350, versus $371,970 for Q3-15.

Net profit for the first nine months of 2016 also fell by 46.7% to $657,800 from $1.23 million for the same period of 2015, according to a bourse filing.

The company earlier reported a net profit of $315,610 for the first half of 2016, 63.85% down from $873,050 for H1-15.