Cairo – Mubasher: The consolidated net profits of Delta Insurance surged by 56.25% year-on-year (YoY) to EGP 135.27 million in the first half (H1) of fiscal year 2020/2021, compared to EGP 86.57 million, including minority shareholders’ rights.
Revenues increased to EGP 146.84 million in the July-December period of 2020 from EGP 100.44 million in the corresponding period a year earlier, the company said in a bourse disclosure on Monday.
As for standalone business, the insurer posed net profits of EGP 76.73 million in H1 of FY20/21, up from EGP 51.46 million in H1 of FY19/20.
During the first quarter (Q1) of FY20/21, Delta Insurance achieved net profits of EGP 73.47 million, compared to EGP 58.3 million in the prior-year period.
