Egyptian Mohandes Insurance’s net profit grows 12.96% in FY2019

Egyptian Mohandes Insurance reported on Wednesday a 12.96 percent year-on-year increase in net profit to 145.04 million Egyptian pounds ($8.9 million) during the 2018/2019 financial year.

Net profit stood at 128.39 million pounds during the 2017/2018 financial year, according Mohandes’ bourse filling.

The company has generated surplus from insurance activity worth 180.68 million pounds at the end of last June, up from 144.54 million pounds during the same period a year earlier.

Net profit surged to 101.46 million pounds in the July 2018 – March 2019 period from 78.33 million pounds in the same of 2017/2018.