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Egyptian Takaful Insurance’s net profits rise 61% in FY2018/19

Tuesday, 09 17 2019, Category: Islamic Insurance, Country: Egypt
Egyptian Takaful Insurance Co. (Property) posted a 61 percent growth year-on-year in net profits during the financial year 2018/2019, said its vice-chairman on Thursday.

Net profits registered 144 million Egyptian pounds ($8.8 million) against 89 million pounds during the financial year 2017/2018, El-Sayed Bayoumi further told Amwal Al Ghad.

The company generated surplus from insurance activity of 218 million pounds during the 2018/2019financial year, a 90 percent surge from 155 million pounds a year earlier, Bayoumi added.

Source: Amwal Al Ghad
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