Kathmandu. Shikhar Insurance was the insurance company in the last fiscal year 2082. The company has published its unrevised financial statements for the first quarter (July-September) of 2018.
According to the financial report, the company has incurred a loss of Rs 15.85 crore in the review period. Previous fiscal year 2081. The company posted a net profit of Rs 11.52 crore in the same period.
As of mid-September of the current fiscal year, the company has Rs 1.93 billion in special reserves, Rs 163.0 million in catastrophe fund, Rs 6.77 crore in retained earnings and Rs 540.2 million in other equities. In the same period of the previous year, the company had a special reserve of Rs 1.53 billion, a catastrophe fund of Rs 16.30 crore, retained earnings of Rs 22.63 crore and other equity of Rs 58.42 crore.
The company has earned a total premium of Rs 90.68 crore in the current fiscal year. The company had posted a net profit of Rs 81.67 crore in the same quarter last year. The company’s total premium has increased by 11.03 percent compared to the corresponding period of the previous FY.
The company earned Rs 29.07 crore in net insurance premium during the review period. The company had posted a net profit of Rs 28.22 crore in the same quarter last year. The company’s net premium has increased by 0.30 percent compared to the previous year.
The company has a paid-up capital of Rs 2.92 billion and has negative earnings per share of Rs 21.70. In the previous year, the company had posted a net profit of Rs 17.36 per share. The net worth per share of the company is Rs 192.63.
