Kathmandu. Trust Micro 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 profit of Rs 2,41,000 in the first six months of the current FY. Previous fiscal year 2081. The company had posted a net profit of Rs 12.05 million in the year 2018. The company’s net profit fell 80 percent in the review year compared to the previous fiscal year.
As of the review period, the company has a special reserve of Rs 23.88 lakh, a catastrophe fund of Rs 2,38,000, retained earnings of Rs 18,52,000 and other equity of Rs 48.20 lakh. As of mid-July of the previous year, it was Rs 22.68 lakh in special reserve, Rs 2.26 lakh in catastrophe fund, Rs 17.45 lakh in retained earnings and Rs 48.18 lakh in other equity.
As of mid-January of the current fiscal year, the company’s insurance fund stood at Rs 22.05 crore. In the same period of the previous year, the insurance fund was Rs 16.70 crore. The size of the company’s insurance fund increased by 32.04 percent in the review period compared to the previous year.
The company has earned a net profit of Rs 9.98 crore in the review period. The company had posted a net profit of Rs 3.81 crore in the same period. Compared to the previous year, the company’s total premium has increased by 161.39 percent.
The company has earned Rs 3.89 crore in net insurance premium till mid-January of the current FY. The company had earned Rs 1,24,000 crore in net insurance premium in the same quarter last year. Compared to the previous year, the company’s net premium has increased by 212.63 percent.
The company’s earnings per share (EPS) has decreased to Rs 0.05 from Rs 525.5 million. Last year, the EPS was Rs. 0.23.
