Kathmandu. Himalayan Everest Insurance last fiscal year 2081. It has made public the unaudited financial statements up to the fourth quarter of 1982.
According to the financial statement, the company earned a profit of Rs 532.3 million in the review year. The previous fiscal year 2080. The company had posted a net profit of Rs 502.4 million in 2017-19. Compared to the previous fiscal year, the company’s profit increased by 5.95 percent in the review year.
In the last fiscal year, the company had a special reserve of Rs 1.93 billion, disaster fund of Rs 83.2 million, retained earnings of Rs 333.5 million and other equities of Rs 408.2 million. In the previous fiscal year, rs 1.66 billion in special reserves, Rs 69.9 million in disaster fund, Rs 304.7 million in retained earnings and Rs 383.8 million in other equities.
In the review year, the company’s insurance fund stood at Rs 4.33 billion. In the previous fiscal year, the insurance fund stood at Rs 3.99 billion. The size of the company’s insurance fund increased by 8.37 percent in the review period compared to the previous year.
In the last fiscal year, the company earned a total insurance premium of Rs 4.09 billion. In the previous fiscal year, the company had earned a total insurance premium of Rs 3.38 billion. Compared to the same period of the previous fiscal year, the company’s total insurance revenue decreased by 21.01 percent.
The company has earned Rs 2.02 billion in net insurance premium in the review year. In the same period of the previous fiscal year, the company had earned a net insurance premium of Rs 1.28 billion. Net insurance premium has increased by 57.88 percent compared to the previous year.
The company’s annualised earnings per share (EPS) has increased to Rs 21.29 from Rs 2.50 billion in share capital. Last year, the EPS was Rs 20.10. The company has a net worth of Rs 210.34 per share with a PE ratio of 28.95 times.
