Doha – Mubasher: The unaudited financial statements of Qatar General Insurance and Reinsurance Co reported a leap of 472.3% in profits during the third quarter of 2016 as compare to the same period a year ago.

Earnings amounted to QAR 104.18 million ($28.58 million) in Q3-16 as compared to QAR 18.21 million ($5 million) in Q3-15, according to a bourse statement issued Thursday.

During the nine-month period, profits grew 34.8% to QAR 189.92 million this year from QAR 140.93 million in the corresponding period a year ago.

Earnings per share stood at QAR 1.19 in Q3-16, while in Q3-15 it reached QAR 0.21.