Mubasher: Kuwait Insurance achieved a profit of KWD 2.02 million ($6.68 million) in the second quarter of 2017 against a loss of KWD 4.53 million ($14.98 million) in the same period a year ago.

During the first six months of 2017, the company recorded profits worth KWD 6.52 million versus losses of KWD 1.03 million in the same half a year ago, according to a bourse filing issued on Wednesday.

The positive turn in the company’s income statements is attributed to higher net profits from investments.

In the first quarter this year, Kuwait Insurance reported a growth of 28.6% in profits to KWD 4.5 million from KWD 3.5 million in Q1-16.

At the stock level, the company closed Wednesday’s session at 230 fils.