Cairo – Mubasher: Mohandes Insurance said Tuesday that its profits for the fourth quarter of fiscal year 2016/2017 soared 714.2% to EGP 103.4 million, versus EGP 12.7 million for Q4-15/16.
In the first half of fiscal year 2016/2017, net profits increased 415.5% to EGP 110.92 million from EGP 21.5 million for H1-15/16, according to a bourse statement.
Foreign exchange earnings reached EGP 90.4 million in H1-16/17, said another statement.
The company’s stock ended Monday’s session rising 0.63% to EGP 24.05.
