Kathmandu. Nepal Micro Insurance Company last fiscal year 2081. The financial statements of 82 have been made public.
According to the financial statement, the company earned a total insurance premium of Rs 193.6 million in the review year. In the previous fiscal year, the company had earned a total insurance premium of Rs 51.5 million. The total insurance premium has increased by 275.49 percent compared to the previous year.
In the last fiscal year, the company earned Rs 76 million in net insurance premium. In the same period last year, the company had earned Rs 18.5 million in net insurance premium. Net insurance premium has also increased by 310.36 percent.
In the review year, the paid-up capital of the company was Rs 750 million, while the special reserve of the company was Rs 4.318 million and the disaster fund was Rs 431,000. In the previous year, the company had Rs 362,000 in special reserve, Rs 3.098 million in disaster fund and Rs 3.657 million in retained earnings.
The company had posted a net profit of Rs 1.65 million in the last fiscal year. In the previous fiscal year, the company had posted a profit of Rs 2.95 million. Compared to the previous year, the company’s profit contracted by 43.91 percent in the review year.
In the review year, the company’s annualized EPS decreased to 0.22 percent. Last year, the EPS was 0.56 per cent. The net worth of the company is Rs 99.86 per share.
