Cairo – Mubasher: Delta Insurance Company on Thursday reported turning to profit in the first quarter of the fiscal year 2016-2017, according to its statement to the Egyptian Exchange (EGX).
Net profits reached EGP 6.26 million between July and September, against EGP 3.97 million losses for the same period of the previous year, the company’s consolidated financial statements showed.
Delta’s stand-alone profits in the first quarter of this year were EGP 7.33 million, compared with EGP 4.49 million profit in the year-ago period.
The company’s profits in the fiscal year 2015-2016 jumped 56.98% to EGP 31.34 million.
Delta Insurance’s share closed Wednesday’s session up 0.81% to EGP 6.21.
