Cairo – Mubasher: Mohandes Insurance reported that adjusted earnings declined 15.2% year-on-year in Q1-16/17 to reach EGP 7.47 million from EGP 8.81 million, according to a bourse filing on Monday.
Earlier, the company announced a 54% increase in its consolidated profits for the same fiscal year, which amounted To EGP 13.6 million.
The stock quote was 3.9% higher to EGP 23.9 a share by 1:00pm Cairo local time.
