Kathmandu. Prabhu Mahalakshmi Life Insurance has released the revised financial statements for the third quarter of the current fiscal year (July-April).
According to the financial statement, the company has improved most of the indicators. In the third quarter, the company has earned a profit of Rs 270 million. The company had posted a net profit of Rs 268.9 million in the year-ago period. The company’s profit has increased by 0.68 percent compared to the previous year.
As of the third quarter of the current fiscal year, the company has a paid-up capital of Rs 4.72 billion, share premium of Rs 19.3 million, disaster fund of Rs 104.7 million, retained earnings of Rs 794.5 million and other equities of Rs 117.1 million. As of Mid-July last year, the company’s share premium stood at Rs 193.5 million, disaster fund at Rs 90.6 million, retained earnings at Rs 956.1 million and other equities at Rs 95.1 million. Compared to the previous year, the size of the Disaster Fund and other equities has increased.
Till the third quarter, the company has earned a total insurance premium of Rs 3.58 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 3.06 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue has increased by 16.92 percent.
During the review period, the company has earned Rs 3.49 billion in net insurance premium. In the same period last year, the company had earned Rs 2.96 billion in net insurance premium. Net insurance revenue has increased by 17.81 percent compared to the previous year.
As of the review period, the company’s life insurance fund stood at Rs 12.80 billion. In the same period last year, the life insurance fund stood at Rs 8.91 billion. The size of the company’s life insurance fund increased by 43.61 percent in the review period compared to the previous year.
During the review period, the company’s annualized earnings per share was Rs 7.64, PE ratio was 71.69 times and net worth per share was Rs 121.89.
