Kathmandu. Shikhar Insurance Company has released the revised 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 with a share capital of Rs 2.92 billion has a retained earnings of Rs 211.7 million at the end of the review period. Other equities are worth Rs 606.6 million. As of the review year, the company’s disaster fund stood at Rs 160.7 million. There is 1.91 billion in the special reserve.
In the same period of the previous year, the company’s retained earnings stood at Rs 287.5 million. Other equities stood at Rs 592.3 million. The disaster fund was Rs 138.1 million. There was 1.68 billion in the special reserve.
In the review year, the company earned a total insurance premium of Rs 5.70 billion. In the same period of the previous fiscal year, the company had earned a total insurance premium of Rs 5.25 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 3.99 billion through reinsurance. In the same period of the previous fiscal year, the company had spent Rs 3.96 billion.
The company earned Rs 1.71 billion in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned Rs 1.29 billion in net insurance premium. The company’s net insurance revenue has increased by 32 percent compared to the previous year.
According to the financial statement, the company earned a profit of Rs 452.7 million in the review year. In the same period of the previous fiscal year, the company had posted a profit of Rs 445.3 million. Compared to the previous fiscal year, the company’s profit increased slightly in the review period.
In the review year, the company’s earnings per share stood at Rs 15.49. The price-to-earnings ratio is 49.95 times. The net worth per share is Rs 198.97.
