Kathmandu. NLG Insurance Company for the current fiscal year 2082. The company has published its unrevised financial statements for the first quarter of 2018.
According to the financial report, the company has incurred a loss of Rs 10.10 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 4.89 crore as of mid-September 2018. The losses caused by the Zenji agitation on September 23 and 24 have negatively impacted the profit during the review period. The company’s profitability has also been affected by the impact of floods, landslides and natural disasters caused by climate change.
As of the review period, the company has a paid-up capital of Rs 2.56 billion and a net worth of Rs 27.19 crore in share premium, Rs 1.38 billion in special reserve, Rs 8.57 crore in general fund and Rs 17.42 crore in other equity.
As of mid-July of the previous year, the company had a share premium of Rs 27.19 crore, special reserve of Rs 1.38 billion, a general finance fund of Rs 8.57 crore, Rs 17.88 crore in other equity and Rs 5.74 crore in retained earnings.
The company has earned Rs 82.21 crore in total insurance premiums in the review period. The company had earned a net profit of Rs 57.48 crore in the same period last year. The company’s total trading during the review period increased by 43.02 percent compared to the previous year.
The company has earned Rs 17.57 crore in net insurance premium till mid-September of the current fiscal year. The company had earned a net insurance premium of Rs 13.51 crore in the same period last year. The company’s net profit increased by 30.09 percent compared to the previous year.
The company’s annual earnings per share has been negative by Rs. 15.76 during the review period. The company had posted EPS of Rs 12.71 crore in the same quarter last year. The company’s P/E ratio is negative 44.23 times, with net worth per share of Rs 168.76.
