Misr Ins. Holding eyes 10% growth in consolidated net profits
Monday, 01 27 2020, Category: Insurance and Reinsurance, Country: Egypt
Misr Insurance Holding Company (MIHC) aims to achieve 10% growth in consolidated net profits by the end of the current fiscal year in June 2020, MIHC Chairperson and Managing Director Basel El Hini.
He told Daily News Egypt that the company's plan depends on achieving ambitious growth rates in various activities, which would lead to achieving the target profits.
The MIHC ordinary general assembly recently approved the financial statements of the company and its subsidiaries for the fiscal year (FY) 2018/19.
According to El Hini, the group achieved the largest profits in its history, with net profits reaching EGP 4bn with a growth rate of 22.5% compared to FY 2017/18.
Source: MENA FN