Kathmandu. United Ajod Insurance Company FY 2082. The company has published its unaudited financial statements for the second quarter of FY83. According to the financial statements, the profit of the company is negative.
The company posted a net loss of Rs 10.66 crore in the review period. The company had posted a net profit of Rs 6,714 crore in the same quarter last year.
The company, which has a capital of Rs 2.31 billion, has a special reserve of Rs 1.02 billion in the second quarter of the current FY. During this period, the retained earnings stood at Rs 59,87,000. Other equity has Rs 59.60 crore.
As of mid-July last year, the special reserve was Rs 1.02 billion. The retained earnings were Rs 10.06 crore. Other equities stood at Rs 60.61 crore.
During the review period, the company earned a net profit of Rs 1.56 billion. The company had earned a net profit of Rs 1,000 crore in the same quarter last year. The company’s total premium has increased in the review period compared to the previous year.
In the review year, the company earned a net insurance premium of Rs 58.78 crore. Compared to the previous fiscal year, the net insurance premium has increased by 32 percent. The company had posted a net insurance premium of Rs 44.37 crore in the same quarter last year.
In the review period, the company spent Rs 77.86 crore on reinsurance. The company had spent Rs 68.03 crore in the same period last year.
During the period, the company’s earnings per share was negative at Rs 9.23. The net worth per share is Rs 171.10.
