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Takaful International turns to profitability in Q3

Takaful International turns to profitability in Q3
Net profit for the first nine months of 2016 reached BHD 300,43 (Photo Credit: Arabianeye-Reuters)

Mubasher: Takaful International reported on Wednesday a net profit of BHD 78,680 ($207,320) for the third quarter of fiscal 2016, versus a net loss of BHD 6,830 ($18,000) for Q3-15.

Net profit for the first nine months of 2016 reached BHD 300,430, rising 43.3% from BHD 209,620 for the same period last year, according to a bourse filing.

The company earlier posted a rise of 532.7% in its profits for the first half of 2016 to BHD 310,000, compared to BHD 49 million for H1-15.