Egyptian Mohandes’ insurance activity surplus rises to 8.1 mln in nine months

By Eslam Abdelhameed On Jul 21, 2020

Reda Fathy, chairman and managing director of Egyptian Mohandes Insurance Company

Egyptian Mohandes Insurance generated surplus from insurance activity up to 130.4 million Egyptian pounds ($8.1 million) during the first nine months of the 2019/2020 financial year.

Earlier, the company’s insurance activity surplus recorded 115.4 million pounds during the first nine months of the 2018/2019 financial year.

Mohandes posted net profits worth 112.03 million pounds during the first nine months of the last financial year, up from 101.46 million pounds during the same period a year earlier.

The company made an increase in its nine-month direct premiums, registering 469.03 million pounds against 446.17 million pounds during the same period of the 2018/2019 financial year.