Kathmandu. Sanima GIC Insurance had 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 200.2 million in the review period. Previous fiscal year 2081. The company had posted a net profit of Rs 5.08 crore in the same period.
As of mid-September of the current year, the company has a net worth of Rs 75.98 crore in special reserves, Rs 4.64 crore in catastrophe fund and Rs 8.46 crore in other equities. In the same period of the previous year, the company had posted special reserves of Rs 75.98 crore, catastrophe fund of Rs 4.64 crore, retained earnings of Rs 18.32 crore and other equity of Rs 13.10 crore.
The company earned Rs 44.62 crore in total insurance premiums in the current FY. The company had earned a net profit of Rs 39.41 crore in the same quarter last year. The company’s total premium has increased by 13.21 percent compared to the corresponding period of the previous FY.
The company earned Rs 11.19 crore in net insurance premium during the review period. The company had posted a net insurance premium of Rs 10.83 crore in the same quarter last year. The company’s net premium has increased by 3.39 percent compared to the previous year.
The company has paid-up capital of Rs 2.15 billion and has negative earnings per share of Rs 37.25. In the previous year, the earnings per share was Rs 10.17. The company has a net worth of Rs 140.53 per share.
