Kathmandu. Himalayan Reinsurance Company Limited in the current 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 earned a net profit of Rs 24.58 crore in the review period. Last year, 2081. The company had posted a net profit of Rs 22.63 crore in the same period last year. The company’s net profit increased by 8.58 percent in the review period compared to the previous year.
As of mid-September of the current fiscal year, the company has collected Rs 3.12 billion in share premium. The share premium stood at Rs 3.12 billion as of mid-July last year.
The company has a share capital of Rs 10.86 billion, special reserve of Rs 2.13 billion, catastrophe fund of Rs 21.45 crore, retained earnings of Rs 972.9 million and other equity of Rs 550.6 million. In the previous year, the company had a negative amount of Rs 1.96 billion in special reserves, Rs 198.0 million in catastrophe fund, Rs 82.76 crore in retained earnings and Rs 18.48 crore in other equities.
In the first three months of the current FY, the company earned Rs 1.11 billion in total insurance premiums. The company had posted a net profit of Rs 1,06.19 billion in the same period last year. The company’s total premium has increased by 4.90 percent compared to the previous year.
During the review period, the company earned a net insurance premium of Rs 1.5 billion. The company had posted a net profit of Rs 92.44 crore in the same quarter last year. Compared to the previous year, the net insurance premium has increased by 9.36 percent.
The company’s earnings per share (EPS) has increased to Rs 9.05. The EPS was Rs. 8.71 a year ago. The company has a net worth per share of Rs 154.98 and has a P/E ratio of 84.93 times.
