Egypt’s Delta Insurance net profits rise 24% y-o-y in FY2020

Egyptian Delta Insurance’s consolidated net profits after taxes increased 24 percent year-on-year during the 2019/2020 financial year, according to financial statements on Monday.

Net profits recorded 109.4 million Egyptian pounds ($6.9 million), up from 88.23 million pounds during the 2018/2019 financial year.

The company made standalone revenues worth 509.8 million pounds during the last financial year against 377.8 million pounds a year earlier, marking a 34.9 percent growth.

Standalone total profits climbed 19.3 percent to around 120.32 million pounds during the 2019/2020 financial year versus 100.8 million pounds a year earlier.