Kathmandu. Nepal Reinsurance Company for the current fiscal year 2081. The government has made public the revised financial statements for the first quarter (July-September).
The company had posted a net profit of Rs 63.2 million in the first quarter. The company had posted a loss of Rs 475.6 million in the same period last year.
The company has a share capital of Rs 13.42 billion, rs 4.43 billion in special reserve, Rs 327.2 million in disaster fund, Rs 557.7 million in retained earnings and Rs 792.2 million in other equities. As of Mid-July last year, the company had Rs 4.40 billion in special reserves, Rs 324 million in disaster fund, Rs 529.9 million in retained earnings and Rs 782.2 million in other equities.
The company has earned a total insurance premium of Rs 1.91 billion till September of the current fiscal year. The company had earned Rs 1.43 billion in insurance premiumtill the same period last year. The company’s total insurance premium has increased by 33.55 percent compared to the same period of the previous fiscal year.
The company has earned a net insurance premium of Rs 1.77 billion during the review period. In the same period last year, the company had earned Rs 1.28 billion in net insurance premium. Net insurance revenue has increased by 38.42 percent compared to the previous year.
The company’s annual earnings per share (EPS) increased to Rs 0.47. In the previous year, eps was negative by Rs 3.71. Net worth per share is 145. The PE ratio of the company is 1760.30 times.
