Kathmandu. Siddhartha Premier Insurance in 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 company’s financial report, the company has earned a profit of Rs 4.01 crore in the first nine months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 45.36 crore in the same period. Compared to the previous year, the profit decreased by 91.15 percent.
As of mid-April of the current FY, the company has special reserves of Rs 2.50 billion, catastrophe fund of Rs 23.18 crore, retained earnings of Rs 33.27 crore and other equity of Rs 1.14 billion. As of mid-July of the previous year, the company had secured Rs 2.5 billion, Rs 22.78 crore in catastrophe fund, Rs 998.7 million in retained earnings and Rs 1.16 billion in other equities.
The company’s insurance fund stood at Rs 11.15 billion in the review period. The insurance fund stood at Rs 5.63 billion as of mid-July of the previous year. It had increased by 97.97 percent in the previous year.
The company earned Rs 2.69 billion in insurance premiums in the second quarter. The company had earned Rs 2.67 billion in insurance premiums in the same period last year. The company’s total premium has increased by 0.91 percent compared to the previous year.
During the review period, the company earned Rs 1.30 billion in net insurance premium. The company had earned Rs 1.37 billion in net insurance premiums in the same period last year. Compared to the previous year, the net insurance premium has decreased by 5.09 percent.
The company’s annual earnings per share (EPS) decreased to Rs 1.91 crore from Rs 2.80 billion in the review period. The EPS was Rs 21.55 a year ago. The net worth per share of the company is Rs 250.06.
