Let’s go to Kathmandu. Siddhartha Premier Insurance has published its unaudited financial results for the first quarter of the current fiscal year 3082/83. Most of the company’s indices declined during the review period.
The company posted a net loss of Rs 29.85 crore in the review period. The company had posted a net profit of Rs 6,400 crore in the same quarter last year. In recent times, the situation in Nepal has also been seen due to the claim that the Genji movement has been in place.
The company has a paid-up capital of Rs 2.80 billion and has retained earnings of Rs 72.88 crore in the review period. Rs 2.5 billion has been allocated for reparation reserve. The company has Rs 1.17 billion in other equities. The amount in the disaster fund is Rs 22.6 crore.
The company earned Rs 66.28 crore in total insurance premiums during the review period. The company had posted a net profit of Rs 66.86 crore in the same quarter last year. The total insurance premium of the company decreased slightly compared to the same period of the previous year.
In the first quarter, the company earned Rs 30.90 crore in net premium. The company had posted a net insurance premium of Rs 34.71 crore in the same quarter last year. The net insurance premium has also decreased.
During the review period, the company spent Rs. 80 lakhs through agent commission. In the same period of the last FY, the company had spent Rs 48.71 million through agent commission. The company has spent more money on agent commissions than last year.
The company posted a net profit loss of Rs 42.55 per share. The net worth per share of the company stands at Rs 265.33.
