Cairo – Mubasher: Delta Insurance reported a 22.5% year-on-year increase in its standalone profits during the first nine months of fiscal year 2018/2019.

The Egyptian insurance company’s net profits amounted to EGP 56.58 million from July 2018 to last March, compared to EGP 46.17 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Monday.

Meanwhile, revenues rose to EGP 51.7 million in the nine-month period ended 31 March, compared to EGP 39.51 million in the same period a year earlier.

Previously, Delta Insurance reported EGP 93.98 million in consolidated profits for the first nine months of FY18/19 from EGP 66.4 million in the year-ago period.