Mohandes Insurance’s standalone profit grows over 10% YoY in 3 months
Updated 11/16/2022 12:38:00 PM
Arab Finance: Mohandes Insurance (MOIN) recorded a 10.24% year-on-year (YoY) increase in standalone net profit after tax, during the three-month period that ended on September 30th, according to financial statements filed to the Egyptian Exchange (EGX) on November 16th.
The company’s net profit after tax rose to EGP 23.16 million in July-September from EGP 21.008 million in the same period a year earlier.
It is worth noting that Mohandes Insurance’s consolidated profits excluding minority interest reached EGP 125.798 million in FY 2021/2022, up from EGP 124.292 million a year earlier.
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.
