Kathmandu. Nepal Insurance Company for the fiscal year 2082. The company has published its unaudited financial statements for the second quarter of FY83.
The company with 2.54 billion share capital has a special reserve of Rs 1.51 billion in the second quarter of the current FY. During this period, the retained earnings stood at Rs 41.79 lakh. The other equity has Rs 7.01 crore.
As of mid-July of the previous year, the special reserve was Rs 1.51 billion. It was Rs 16.29 crore in retained earnings. Other equities stood at Rs 7.89 crore.
The company earned a net profit of Rs 49.58 lakh in the review period. The company had posted a net profit of Rs 8.6 crore in the same quarter last year. The company’s profit fell by 94 percent compared to the previous year.
During the review period, the company earned a total insurance premium of Rs 98.11 crores. The company had posted a net profit of Rs 81.64 crore in the same quarter last year. The company’s total premium has increased marginally in comparison to the previous year.
In the review year, the company earned a net insurance premium of Rs 52 crores. Compared to the previous fiscal year, the net insurance premium has increased by 58 percent. The company had posted a net profit of Rs 32.83 crore in the same quarter last year.
In the review period, the company spent Rs 46.10 crore through reinsurance. The company had spent Rs 48.80 crore in the same period last year.
The company’s earnings per share during the period stood at 0.39. The net worth per share is Rs 170.11.
