Egyptian Mohandes’ insurance activity surplus rises to 8.1 mln in nine months

Egyptian Mohandes Insurance generated surplus from insurance activity up to 130.4 million Egyptian pounds ($8.1 million) during the first nine months of the 2019/2020 financial year.

Earlier, the company’s insurance activity surplus recorded 115.4 million pounds during the first nine months of the 2018/2019 financial year.

Mohandes posted net profits worth 112.03 million pounds during the first nine months of the last financial year, up from 101.46 million pounds during the same period a year earlier.

The company made an increase in its nine-month direct premiums, registering 469.03 million pounds against 446.17 million pounds during the same period of the 2018/2019 financial year.