Mohandes Insurance Company announced standalone unaudited earnings results for first quarter ended September 30, 2019. For the quarter, the company reported a 43.5% year-on-year profit decline during the first quarter of fiscal year 2019/2020. The insurer logged a net profit of EGP 30 million in the July-September period, down from EGP 53.11 million in the corresponding period of 2018. Mohandes insurance posted a consolidated net profit of EGP 145.04 million, up from EGP 128.39 million in a year earlier.