Mohandes Insurance’s consolidated profit falls 27.5% in 6 months
Updated 3/9/2022 11:28:03 AM
ArabFinance: Mohandes Insurance (MOIN) reported a 27.5% year-on-year decline in consolidated net profit excluding minority interest for the first half (H1) of fiscal year (FY) 2021/2022, according to the unaudited financial indicators filed to the Egyptian Exchange (EGX).
Consolidated net profit excluding minority interest amounted to EGP 50.33 million in H1 FY 2021/2022, down from EGP 69.43 million in the same period of FY 2020/2021.
It is worth noting that the company previously announced it recorded a standalone net profit after tax stood at EGP 39.39 million in H1 FY 2021/2022, down from EGP 49.02 million in H1 FY 2020/2021.
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.
