Mubasher: First Takaful Insurance achieved a growth of 53.45% in profits to about KWD 753,970 ($2.49 million) in the second quarter of 2017 compared to nearly KWD 491,350 ($1.62 million) in Q2-16.

During the first six months of 2017, First Takaful reported a rise of 104.1% in profits to KWD 1.7 million from approximately KWD 832,900 in H1-16, according to a bourse statement issued on Tuesday.

In the first quarter this year, the company registered a surge of 178.4% in profits to about KWD 950,640 from nearly KWD 341,520 in Q1-16.

At the stock level, First Takaful closed Tuesday’s session 5.37% higher at 51 fils.