Cairo – Mubasher: Delta Insurance’s net profit surged 92.2% year-on-year to EGP 58.3 million in the first quarter of the fiscal year 2019/2020, the company’s consolidated financial statements showed.
Revenue went up to EGP 64.12 million during the three-month period ended 30 September, compared to EGP 33.9 million in the year-ago period, according to a bourse statement released on Thursday.
As for Delta’s standalone results, the company’s profit more than doubled to EGP 29.7 million in Q1-FY19/20, from EGP 13.8 million the year before.
The insurer recorded a 48.3% year-on-year profit surge during fiscal year 2018/2019, registering a net profit of EGP 135.79 million.
