Kathmandu. Shikhar Insurance for the financial year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the company has earned a profit of Rs 7.05 crore till mid-April of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 35.70 crore in the same period. The company’s profit decreased by 80.23 percent compared to the previous year.
The company has paid-up capital of Rs 3.10 billion and has Rs 1.95 billion in special reserve, Rs 16.46 crore in catastrophe fund, Rs 5.36 crore in retained earnings and Rs 60.77 crore in other equity. As of mid-July of the previous year, the company had a special reserve of Rs 1.91 billion, a catastrophe fund of Rs 16.11 crore, retained earnings of Rs 210.4 million and other equity of Rs 598.3 million.
Similarly, the insurance fund of the company stands at Rs 8.33 billion. In the same period of the previous year, the insurance fund was Rs 5.95 billion. The size of the insurance fund has increased by 40.03 percent.
In the review period, the company has earned Rs 4.01 billion in total insurance premiums. The company had earned Rs 3.73 billion in insurance premiums in the same quarter last year. The company’s total premium has increased by 7.59 percent compared to the previous year.
The company has collected Rs 1.30 billion in net insurance premium till mid-April of the current fiscal year. The company had posted a net premium of Rs 1,208.3 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 8.20 percent.
The company’s annualized earnings per share (EPS) has decreased to Rs 3.03 per share as of mid-April of the current FY. The EPS was Rs 16.3 a year ago. The net worth per share of the company stands at Rs 189.60.
