Kathmandu. Nepal Insurance Company (NI) in the 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 9.63 crore in the review period. Previous fiscal year 2081. The company earned a profit of Rs 1.04 crore in the same period.
As of mid-September of the current fiscal year, the company has Rs 1.49 billion in special reserves, Rs 11.12 crore in catastrophe fund, Rs 65.8 million in retained earnings and Rs 7.24 crore in other equities. In the same period of the previous year, the company had posted special reserves of Rs 1.49 billion, catastrophe fund of Rs 11.12 crore, retained earnings of Rs 16.22 crore and other equity of Rs 10.29 crore.
The company earned Rs 41.73 crore in insurance premiums till mid-September of the current fiscal year. The company had posted a net profit of Rs 27.55 crore in the same quarter last year. The company’s total premium has increased by 51.43 percent compared to the corresponding period of the previous FY.
The company earned Rs 20.79 crore in net insurance premium during the review period. The company had posted a net profit of Rs 13.66 crore in the same quarter last year. The company’s net premium has increased by 52.16 percent compared to the previous year.
The company has a paid-up capital of Rs 2.54 billion and net profit per share of Rs 3.78. Last year, the profit per share was Rs 2.53. The company has a net worth of Rs 171.58 per share.
