Kathmandu. Crest Micro Life Insurance for the financial 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 earned a profit of Rs 55.95 lakh in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 11,53,000 till mid-September 2018. The company’s net profit increased by 385.26 percent in the review year compared to the previous year.
During the review period, the company had a total of Rs 51,43,000 in catastrophe fund, Rs 3,98,39,000 in retained earnings and Rs 3,22,74,000 in other equity. As of mid-July of the previous year, it had Rs 45.84 crore in the catastrophe fund, Rs 3,48,59,000 in retained earnings and Rs 3,23,64,000 in other equities.
As of mid-September of the current fiscal year, the company’s life insurance fund stands at Rs 7,74,71,000. In the same period of the previous year, the life insurance fund was Rs 2,38,12,000. The size of the life insurance fund of the company has increased by 225.34 percent in the review period compared to the previous year.
During the review period, the company has earned a total insurance premium of Rs 12.78 crores. The company had posted a net profit of Rs 4.67 crore in the same period. The company’s total premium has increased by 173.67 percent compared to the previous year.
The company has earned Rs 9.83 crore in net insurance premium till mid-September of the current fiscal year. The company had posted a net profit of Rs 4.15 crore in the same period last year. The company’s net premium has increased by 136.76 percent compared to the previous year.
The company’s net profit (EPS) has increased to Rs 2.98 from Rs 750 million. The EPS was Rs. 0.88 a year ago. The company has a P/E ratio of 412.50 times and a net worth per share of Rs 110.30.
