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Mohandes Insurance's board proposes EGP 0.25/shr dividend for FY20/21

Mohandes Insurance's board proposes EGP 0.25/shr dividend for FY20/21
The total proposed dividends amounted to EGP 23.5 million
Mohandes Insurance
MOIN
0.00% 13.50 0.00

Cairo – Mubasher: The board of directors of Mohandes Insurance recommended a cash dividend of EGP 0.25 per share for the earnings of the fiscal year (FY) 2020/2021. 

The total proposed dividends amounted to EGP 23.5 million for the year ended 30 June, the company said in a bourse disclosure on Monday. 

The insurer achieved consolidated net profits of EGP 124.29 million in FY20/21, down from EGP 149.56 million in FY19/20. 

The insurance activity surplus retreated to EGP 136.56 million in the year ended 30 June, compared to EGP 182.41 million a year earlier.