Kathmandu. Prabhu Mahalaxmi Life Insurance for the financial 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 earned a net profit of Rs 6.37 crore in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 12.62 crore in the first quarter of 2018. The company’s net profit declined by 49.48 percent in the review year compared to the previous year.
As of the review period, the company had a calamity fund of Rs 11.38 crore, retained earnings of Rs 58.47 crore and other equity of Rs 12.71 crore. As of mid-July last year, the company had Rs 110 million in the catastrophe fund, Rs 51.41 crore in retained earnings and Rs 16.91 crore in other equity.
As of mid-September of the current fiscal year, the company’s life insurance fund stood at Rs 14.84 billion. In the same period of the previous year, the life insurance fund was Rs 10.99 billion. The size of the life insurance fund of the company has increased by 35 percent in the review period compared to the previous year.
In the review period, the company earned Rs 1.54 billion in total insurance premiums. During the same period, the company earned Rs 1,20.71 crore in total insurance premium. The company’s total premium has decreased by 19.58 percent compared to the previous year.
The company has earned Rs 1.38 billion in net insurance premium till mid-October of the current fiscal year. The company had earned a net profit of Rs 1.17 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 18.47 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 5 from Rs 5.10 billion. Last year, the EPS was Rs 9.89. The company has a net worth of Rs 116.56 per share with a P/E ratio of 90.44 times.
