Cairo – Mubasher: The consolidated net profits of Mohandes Insurance fell by 27.52% year-on-year (YoY) to EGP 50.33 million in the first half (H1) of fiscal year (FY) 2021/2022, compared to EGP 69.43 million in the year-ago period.

The insurance activity surplus retreated to EGP 61.10 million in the July-December period, a decrease of 7.7% from EGP 66.19 million in H1-FY20/21, according to a bourse filing.

As for the standalone businesses, the company’s net profits declined to EGP 39.39 million in H1-21/22 from EGP 49.02 million in the year-ago period.