Kathmandu. Prabhu Mahalaxmi Life Insurance for the financial year 2082. The company has made public the unrevised financial statements for the second quarter (July-December) of 83 B.S.
According to the financial report, the company has earned a net profit of Rs 13.31 crore in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 18.25 crore in the year 2018. The company’s net profit declined by 27.07 percent in the review year compared to the previous year.
During the review period, the company had a net profit of Rs 1.93 crore in premium, Rs 11.76 crore in catastrophe fund, Rs 21.80 crore in retained earnings and Rs 33.63 crore in other equity. As of mid-July of the previous year, the company had Rs 1.93 crore in share premium, Rs 110.9 crore in catastrophe fund, Rs 52.45 crore in retained earnings and Rs 34.61 crore in other equity.
As of mid-January of the current fiscal year, the company’s life insurance fund stood at Rs 15.85 billion. In the same period of the previous year, the life insurance fund was Rs 11.89 billion. The life insurance fund size of the company has increased by 33.31 percent in the review period compared to the previous year.
During the review period, the company earned a net profit of Rs 2.87 billion. During the same period last year, the company earned Rs 2.34 billion in total premiums. The company’s total premium has increased by 22.54 percent compared to the previous year.
The company earned Rs 2.77 billion in net insurance premium till mid-January of the current FY. The company had earned a net insurance premium of Rs 2.18 billion in the same period last year. Compared to the previous year, the company’s net premium has increased by 22.47 percent.
The company’s annual earnings per share (EPS) has decreased to Rs 5.02 from Rs 5.30 billion. The EPS was Rs 7.16 a year ago. The company has a P/E ratio of 97.66 times and a net worth per share of Rs 113.02.
