NECO Insurance Earns Rs.551 million in Last Fiscal Year

Kathmandu: Neco Insurance Limited (NIL) has earned a net profit of Rs. 551 million in the fourth quarter of last financial year 2078-79 with an increas of 9.03 percent compared to the profit of previous fiscal year.

By the end of Asar of the previous financial year 2077-78, the company had earned a net profit of Rs.504.5 million.

During last fiscal year, the company’s net insurance premium income has increased by 4.50 percent to Rs. 1.72 billion. The reinsurance commission remained Rs. 309.2 million. It has earned Rs. 15.46 million from investment loans and other sources.

The paid-up capital of the company is Rs.1 billion 749.8 million while Rs. 48.73 million allocated in the reserve fund. It has insurance fund of Rs. 1 billion 374.4 million.

During last fiscal year, the company’s earnings per share is Rs. 31.44 paisa, net worth per share is Rs. 211.90 paisa. It’s price earnings ratio is 22.08 times.

Comment Your Feedback :

Related News