Kathmandu. Himalayan Everest Insurance Company for the financial year 2082. The company has published its unaudited financial statements for the second quarter of FY83.
The company has a paid-up capital of Rs 1.92 billion in special reserves in the second quarter of the current FY. During this period, the retained earnings stood at Rs 30.84 crore. The company has Rs 42.92 crore in equity.
As of mid-July last year, there was Rs 1.91 billion in special reserves. The retained earnings were Rs 30.15 crore. Other equity stood at Rs 41.42 crore.
The company earned a net profit of Rs 1.57 crore in the review period. The company had posted a net profit of Rs 15.98 crore in the same quarter last year. The company’s profit fell by 90 percent compared to the previous year.
In the review period, the company earned a total insurance premium of Rs 1.82 billion. In the same period last year, the company earned a net profit of Rs 1,000 crore. The company’s total premium has increased marginally in comparison to the previous year.
In the review period, the company earned Rs 1.03 billion in net premium. The net premium has increased by 24 percent in the review year compared to the previous fiscal year. The company had posted a net profit of Rs 82.88 crore in the same quarter last year.
In the review period, the company spent Rs 78.89 crore on reinsurance. The company had spent Rs 85.73 crore in the same period last year.
During this period, the company earned Rs 1.26 per share. The net worth per share is Rs 209.67.
