Arab Finance: Mohandes Insurance (MOIN) has reported an 18.6% year-on-year (YoY) decline in consolidated net profit excluding minority interest for the first nine months of fiscal year (FY) 2021/2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 31st.

The company has recorded a consolidated net profit excluding minority interest of EGP 80.22 million during the first nine months of FY 2021/2022, compared to EGP 98.58 million in the same period a FY earlier.

Total revenue increased to EGP 115.23 million in the nine-month period ended March 31st from EGP 113.97 million in the same period the FY before.

Mohandes Insurance is an Egypt-based company that offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio fall into two main insurance segments, namely individual insurance and property insurance.