Cairo – Mubasher: The unaudited consolidated financial results of Mohandes Insurance showed a 20.7% year-on-year profit growth during fiscal year 2018/2019.

Net profits amounted to EGP 154.96 million from July 2018 to last June, compared to EGP 128.33 million in FY17/18, including minority shareholders’ rights, according to a statement to the Egyptian Exchange (EGX) on Sunday.

Year-on-year, revenues rose to EGP 180.68 million in the twelve-month period ended 30 June from EGP 144.54 million.

In addition, the company’s insurance activity surplus increased to EGP 100.05 million in FY18/19, compared to EGP 75.36 million in FY17/18.