Egypt’s Delta Insurance net profit rises 38.1% in nine months

Egypt’s Delta Insurance posted on Thursday a 38.1 percent year-on-year surge in its net profit to 78.2 million Egyptian pounds ($5 million) during the first nine months of the 2019/2020 financial year.

Earlier, net profit recorded 56.6 million pounds during the first nine months of the 2018/2019 financial year.

The company’s sales climbed to 602.94 million pounds during the first nine months of the current financial year against 453.49 million pounds during the same period of the 2018/2019 financial year.

During the first half of the 2019/2020 financial year, revenues rose to 387.6 million pounds from 298.15 million pounds during the same period a year earlier.