Arab Finance: Delta Insurance (DEIN) posted a 31% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest during the first quarter of fiscal year (FY) 2023/2024, according to the financial statement filed to the Egyptian Exchange (EGX) on November 12^th.

Consolidated net profits stood at EGP 175.278 million in Q1 of the current FY, compared to EGP 133.891 million in Q1 of last FY.

The company generated revenues of EGP 233.403 million from July through September, up from EGP 171.564 million over the same period in 2022.

Meanwhile, the company’s standalone net profits after tax rose by 38.8% YoY to EGP 50.498 million in Q1 FY2023/2024 from EGP 36.379 million.

Standalone revenues went up to EGP 72.196 million from EGP 48.966 million.

Delta Insurance is engaged in the provision of life and non-life insurance and reinsurance services.

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