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Delta Insurance posts EGP 129M in 9 months

Delta Insurance posts EGP 129M in 9 months

ArabFinance: Delta Insurance (DEIN) posted a 37% Year on Year increase in its consolidated net profit in the first nine months of the fiscal year (FY) 2019/2020, according to the company’s May 18th  financial statements filed to the Egyptian Exchange.

Consolidated net profit reached EGP 128,998,659 in ended March 31st, compared to from EGP 93,984,297 achieved in the corresponding period.

Standalone net profit reached EGP 78,210,313 in Q1 2020, a 38% rise from EGP 56,582,029 posted in Q1 2019.

The company distributed on March 05, 0.05 free share for every existing one held before the capital increase, to shareholders recorded on March 04, 2020.

Delta Insurance is an Egypt-based company, which 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, and Individual Protection Plans, and Aman El Safar Plan.

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