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Mohandes Insurance annual profits soar 111%

Mohandes Insurance annual profits soar 111%
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Mohandes Insurance
MOIN
7.07% 9.85 0.65

Cairo-Mubasher: Mohandes Insurance posted consolidated financial results for the fiscal year ended 30 June 2015, which reflected a 110.6% surge in net earnings to EGP 31.76 million ($4 million), compared with EGP 15.1 million ($1.9 million) a year earlier.

Standalone net earnings for the same fiscal year increased from EGP 15.1 million to nearly EGP 25.15 million.

The EGX-listed insurer operates with issued capital of around EGP 75 million, divided into 7.5 million shares at a par value of EGP 10 each.