Mohandes Insurance Eyes EGP 16 Mln Net Profit In 2012/13

Mohandes Insurance Company targets to achieve net profit of EGP 16 million in the fiscal year 2012/2013.

The Company also plans to post a net increase in investments of about EGP 45 million; personal insurance of EGP 30 million and property insurance of EGP 15 million.

It is worth mentioning that Mohandes Insurance Company posted a net profit of EGP 10.075 million in the first nine months of the FY 2011/2012, down from EGP 21.109 million for the same period in FY 2010/2011.