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2001 |
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| The Board of Directors of the Suez Canal Insurance Company, has the pleasure to submit its annual report regarding the company’s activity during the financial year ending on 30/6/2001 |
| The company has realized issued
premiums during the financial year 2000/2001 for the amount of 147
million pounds against the amount of 125 million pounds projected in the
planning company’s budget for the present year with an increase that
amounts to 22 million pounds representing a ratio of 17%.
In ascertainment to the policy of the company to sustain the technical allocations, the technical allocations for the company reached for the year 2000/2001, the amount of 159 million pounds against 142 million pounds for the year 1999/2000 . This represents an increase of 17 million pounds and a ratio of 12%. This, and the net company’s profits for the year ending on 30/6/2001, reached the amount of 12 719 976 pounds against 11 253 312 pounds for the year 1999/2000, which is an increase of 1 466 664 pounds representing a ratio of 13%. |