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Mohandes Insurance profits surge 61% in 9M

Mohandes Insurance profits surge 61% in 9M
Photo Credit: Arabianeye-Reuters
Mohandes Insurance
MOIN
-12.12% 17.55 -2.42

Mohandes Insurance reported EGP 27.8 million in consolidated net profits for the nine-month period ended March 2015, compared with EGP 17.3 million for the same period of 2014, a rise of 61%.

Meanwhile, the insurer posted unconsolidated net profits of EGP 25.3 million, up from EGP 17.3 million for the same period of 2013/14.

The firm is capitalised at EGP 75 million, distributed across 7.5 million shares at EGP 10 par value each.