Kathmandu. Prabhu Insurance Company has released the financial statements for the fourth quarter of the last fiscal year 2081/82 BS. Most of the indices of the company have increased during the review period.
The company has a share capital of Rs 1.44 billion and retained earnings of Rs 444.3 million at the end of the review period. Other equities have a net worth of Rs 163.5 million. As of the review year, the company has a disaster fund of Rs 102.6 million. There is 1.23 billion in the special reserve.
In the same period of the previous year, the company’s retained earnings stood at Rs 351.2 million. The other equity had a net worth of Rs 123.8 million. The disaster fund was Rs 92 million. There was 1.13 billion in the special reserve.
In the review year, the company earned a total insurance premium of Rs 1.83 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 1.70 billion. The company’s total insurance premium has increased compared to the same period of the previous fiscal year.
In this review year, the company has spent Rs 1.2 0 billion through reinsurance. In the same period of the previous fiscal year, the company had spent Rs 1.13 billion.
The company earned Rs 634.9 million in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 573.2 million. Compared to the previous year, the company’s net insurance revenue has increased by 10.76 percent.
According to the financial statement, the company has earned a profit of Rs 211.9 million in the review year. In the same period of the previous fiscal year, the company had earned a profit of Rs 152.2 million. The company’s profit increased by 39.22 percent in the review period compared to the previous fiscal year.
In the review year, the company’s earnings per share was Rs 14.70. The price-to-earnings ratio is 62 times. The net worth per share is Rs 235.
