Misr Insurance eyes net profit of $112 million in FY2015/16

The Egyptian Misr Insurance Holding Company aims at increasing net profits to 1 billion Egyptian pounds ($112 million) by the end of fiscal year 2015-2016 according to its chairman Adel Moussa.

The chairman told Amwal Al Ghad that the initial indicators showed that the company has already achieved 50% of the targeted profit during the first half of FY 2015-2016.