Arab Finance: Mohandes Insurance’s (MOIN) consolidated net profits after tax and non-controlling interest climbed by 52.01% year-on-year (YoY), hitting EGP 191.224 million during the elapsed fiscal year (FY) 2022/2023, from EGP 125.798 million, according to financial statements filed to the Egyptian Exchange (EGX) on October 1st.

The firm also recorded a 36.88% YoY increase in standalone net profits after tax totaling EGP 130.076 million in July 2022-March 2023 period from EGP 95.030 million a FY 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.

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