Kathmandu. Neco Insurance Company has published its financial results for the first quarter of the fiscal year 2082-83. According to the company’s financial report, the profit of the company is negative. <\/p>\n
The company has paid-up capital of Rs 2.69 billion and has special reserve of Rs 2.30 billion as of the review period. There is a total of Rs 16.58 crore in the Disaster Fund. The company has Rs 35.69 crore in equity. <\/p>\n
During the review period, the company earned a total insurance premium of Rs 52.62 crores. The company had posted a net profit of Rs 50.48 crore in the same quarter last year. The company’s total premium increased by 4.23 percent compared to the previous year. <\/p>\n
Similarly, the company has collected a net premium of Rs 29.54 crore during the period. The company had posted a net premium of Rs 28.55 crore in the same quarter last year. The company’s net premium has increased by 3.46 percent compared to the previous year. <\/p>\n
During the period, the company posted a net loss of Rs 8.31 crore. The company had posted a net profit of Rs 7.4 crore in the same quarter last year. <\/p>\n
During this period, the company earned Rs 12.35 (negative) per share. The net worth per share is Rs 227.15.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Neco Insurance Company has published its financial results for the first quarter of the fiscal year 2082-83. According to the company’s financial report, the profit of the company is negative. The company has paid-up capital of Rs 2.69 billion and has special reserve of Rs 2.30 billion as of the review period. There is […]<\/p>\n","protected":false},"author":9,"featured_media":245862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45096],"tags":[],"class_list":["post-276243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-non-lifeinsurance-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/276243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=276243"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/276243\/revisions"}],"predecessor-version":[{"id":276246,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/276243\/revisions\/276246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/245862"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=276243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=276243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=276243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}