Cairo – Mubasher: Misr Insurance Holding has stated the total investments of the company and its subsidiaries in Egypt reached EGP 65.4 billion ($3.73 billion) during the fiscal year 2017/2018, up 13.2% from the year-ago period.
Misr Insurance’s revenue surged 53.3% year-on-year to EGP 1.744 billion in FY17/18, according to the Middle East News Agency (MENA).
Net profit went up 56.6% to EGP 1.45 billion in FY17/18, compared to the year before.
The insurer’s subsidiaries revenue rose 15.8% year-on-year to EGP 16 billion in the last fiscal year, while the three companies’ net profit reached EGP 3.204 billion.
