Mubasher: First Takaful Insurance (FTI) posted on Monday an increase in profits for the third quarter of the year by 369.4%, as shown by the company’s financial results.

Profits reached KWD 622,000 ($2.06 million) in Q3-17, compared to around KWD 132,520 in the same period last year, according to the company’s statement to Boursa Kuwait.

Financial statements also showed a 141.4% year-on-year growth in profits in the first nine months of 2017 to KWD 2.33 million, compared to KWD 965,420 in the corresponding period in the year before.