Kathmandu. Star Micro Insurance has published the revised financial statements for the third quarter of the fiscal year 2081/82 BS. According to the company’s financial statements, the net profit has decreased.
The company has a share capital of Rs 525 million and a special reserve of Rs 2.16 million. The disaster fund has Rs 216,000. The amount of recorded earnings is Rs 443,000. The other equity has rs 43.54 lakh.
During this period, the company collected a total insurance premium of Rs 101.7 million. In the same period of the previous year, the company had collected a total insurance premium of Rs 12.3 million. During this period, the company has spent Rs 66 million through reinsurance.
During this period, the company has collected Rs 35.7 million in net insurance premium. In the same period of the previous year, the company had collected Rs 4 million 45 thousand in net insurance premium. During the review period, the company posted a net profit of Rs 1 million 16 thousand. The company had posted a profit of Rs 9.32 million in the year-ago period.
