AstraZeneca injects $50m in Egypt over four years    IMF's Georgieva endorses Egypt's reforms at Riyadh WEF Summit    Egypt's El-Said touts economic progress at WEF special meeting in Riyadh    Commodity prices to decline by 3% in '24 – World Bank    Egypt, AstraZeneca sign liver cancer MoU    IMF head praises Egypt's measures to tackle economic challenges    US to withdraw troops from Chad, Niger amid shifting alliances    Africa's youth called on to champion multilateralism    AU urges ceasefire in Western Sudan as violence threatens millions    Egypt's c. bank issues EGP 55b T-bills    Nasser Social Bank introduces easy personal financing for private sector employees    Negativity about vaccination on Twitter increases after COVID-19 vaccines become available    US student protests confuse White House, delay assault on Rafah    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    Swiss freeze on Russian assets dwindles to $6.36b in '23    World Bank pauses $150m funding for Tanzanian tourism project    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al Mohandes: Insurance Activity Surplus Fell 9% In FY 2011/12
Sherine Taha Islam Abd ElHameed Published in Amwal Al Ghad on 12 - 08 - 2012

Al Mohandes Insurance Company approved the budget for FY 2011/2012 ended on June 30th 2012. The insurance activity surplus retreated by 9.3%, registering EGP 23 million in the last fiscal year, compared to EGP 25.5 million in FY 2010/2011. The Company reported net profit of EGP 24.6 million in FY 2011/2012, compared to EGP 27.9 million in FY 2010/2011, with a decrease of 11.9%.
Basic earnings per share were down by 23.8%, registering EGP 1.88 in the last fiscal year, compared to EGP 2.47 in FY 2010/2011. The value of the Company's assets dropped to EGP 1.028 billion from EGP 1.0556 billion with a decrease of 2.6%. The total liabilities registered EGP 845 million, down from EGP 872 million, with a 3.1% decline.
The shareholders equity fell by 0.22% to register EGP 182 million. The total reserves rose by 8%, registering EGP 82.4 million, compared to 76.2 million. The retained earnings dropped by 20.67%, registering EGP 6.4 million in FY 2011/2012, compared to EGP 8.1 million in FY 2010/2011.
The Company's profit reached EGP 18.4 million in FY 2011/2012, down from EGP 23.3 million in FY 2010/2011, with a decrease of 20.7%.
The cash flows from operating activities retreated to EGP 25.3 million from EGP 59.9 million, with a retreat of 57.6%. The cash flows from investing activities rose by 79.3%. The Company's paid-up capital reached EGP 75 million.

Clic here to read the story from its source.