Kathmandu. Crest Micro Life Insurance has released the revised financial statements for the third quarter of the current fiscal year (July-April).
According to the financial statement, the company has earned a profit of Rs 10.5million till the third quarter. The company had posted a net profit of Rs 1.4million in the same period of the previous fiscal year. The company’s profit increased by 638.64 percent in the review period compared to the previous fiscal year.
As of the third quarter of the current fiscal year, the company has rs 2.04 8 million in disaster fund, Rs 12.2 million in retained earnings and Rs 7.332 million in other equities. As of Mid-July last year, the disaster fund had rs 994,000, retained earnings Rs 8.85 million and other equities Rs 7.299 million.
At the end of the review period, the company has a share capital of Rs 750 million and a life insurance fund of Rs 57.31 million. The life insurance fund had rs 9.24 million in the same period last year. The size of the company’s life insurance fund increased by 520.18 percent in the review period compared to the previous year.
The company has earned a total insurance premium of Rs 236.3 million till Mid-April. In the same period last year, the company had earned a total insurance premium of Rs 48.1 million. The total insurance premium has increased by 391.27 percent compared to the previous year.
During the review period, the company has earned Rs 194.1 million in net insurance premium. In the same period last year, the company had earned Rs 43.4 million in net insurance premium. Net insurance premium has increased by 347.24 percent in the review period compared to the previous year.
The company’s annualised earnings per share increased to Rs 1.87. The EPS was Rs 0.36 in the same period last year. The company has a share net worth of Rs 102.88 with a PE ratio of 195.40 times.
