Mohandes Insurance's standalone profits drop 16% YoY in 9 months
Updated 5/29/2022 11:17:00 AM
ArabFinance: Mohandes Insurance (MOIN) has reported a 15.98% year-on-year (YoY) decline in the first nine months of fiscal year (FY) 2021/2022, according to the standalone financial statement filed to the Egyptian Exchange (EGX) on May 29th.
The company has achieved a standalone net profit after tax of EGP 55.47 million during the first nine months of FY 2021/2022, down from EGP 66.021 million in the same period a FY earlier.
Total revenue grew to EGP 87.183 million in the nine-month period ended March 31st, up from EGP 83.874 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.
