Delta Insurance’s consolidated profits rise EGP 64% YoY in 9 months
Updated 5/13/2024 9:44:00 AM
Arab Finance: Delta Insurance (DEIN) reported a 64.3% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest for the first nine months of the fiscal year (FY) 2023/2024, according to the company’s financial statement.
Consolidated net profits amounted to EGP 514.445 million in the nine months ended on March 31st, compared to EGP 313.173 million over the same period last FY.
Total revenues went up to EGP 711.63 million from EGP 403.205 million.
Respecting standalone financial results, the company logged EGP 231.151 million in net profits after tax in the June-March period this FY, up from EGP 132.447 million in the corresponding period a year earlier.
Meanwhile, standalone total revenues rose to EGP 345.763 million from EGP 179.64 million.
Delta Insurance is engaged in the provision of life and non-life insurance and reinsurance services.
The company offers its services through two main segments: Corporate Solution Plans, Individual Protection Plans, and Aman El Safar Plan.
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