Cairo – Mubasher: Mohandes Insurance said Wednesday that it plans to achieve profits worth EGP 64 million in the estimated budget for fiscal year 2017/2018.

The company also targets an investment portfolio of EGP 675 million in FY17/18, according to a statement to the bourse.

Mohandes Insurance’s consolidated profits for the first nine months of FY16/17 rose by 30.8% to EGP 64.6 million, compared to EGP 49.4 million for the same period of FY15/16, according to a bourse filing released on Tuesday.