Kathmandu. Protective Micro 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 21.88 lakh in the first three months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 3,81,000 till mid-October 2018. The company’s profit increased by 474.28 percent compared to the previous year.
As of the review period, the company has Rs 3.41 million in special reserve, Rs 3,41,000 in catastrophe fund, Rs 83,16,000 in retained earnings and Rs 30.22 lakh in other equity. As of mid-July of the previous year, it was Rs 23,19,000 in special reserves, Rs 2,31,000 in catastrophe fund, Rs 5,33,000 in retained earnings and Rs 15,91,000 in other equities.
As of mid-September of the current fiscal year, the company’s insurance fund stood at Rs 20.93 crore. In the same period of the previous year, the insurance fund was Rs 15.97 crore. The size of the company’s insurance fund increased by 31.04 percent in the review period compared to the previous year.
The company has earned a total insurance premium of Rs 3.99 crore in the review period. The company had earned a total insurance premium of Rs 3.71 crore in the same period. The company’s total premium has increased by 7.46 percent compared to the previous year.
The company has earned Rs 1.44 crore in net insurance premium till mid-September of the current fiscal year. The company had posted a net insurance premium of Rs 1.03 crore in the same period last year. Compared to the previous year, the company’s net premium has increased by 39.99 percent.
The company’s capital stood at Rs 52.5 crore and its EPS has increased to Rs 1.67. The EPS was Rs. 0.29 a year ago.
