Nepal Breaking NewsBusinessNepal Insurance Rs 17.01 Crores In Profit | EPS At Rs...

Nepal Insurance Posts Rs 17.01 Crores In Profit | EPS At Rs 19.72 (Q3 Report)

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The net  of Nepal Insurance Company Limited (NICL) increased by 27 percent in the third quarter of fiscal year 2077/78.

In the first nine months of the current fiscal year, NICL made a net profit of Rs. 17.01 crores. Until the third quarter of the previous fiscal year, the company had made a profit of Rs.13.40 crores.

The following table summarizes the quarterly report:

Third Quarterly Report Summary, FY 2077/78, Nepal Insurance Company (NICL)

Financial Q3, F.Y. 2077/78 Q3, F.Y. 2076/77 Percent Change
Paid-up Capital (Rs. ‘crores’) 115.03 109.55 5.00
Reserve & Surplus (Rs. ‘crores’) 40.17 34.58 16.17
Insurance   (Rs. ‘crores’) 50.71 3 39.05
Total Investments  (Rs. ‘crores’) 266.03 234.36 13.51
Total Premium (Rs. ‘crores’) 96.84 85.89 12.75
Net Premium  (Rs. ‘crores’) 58.18 43.01 35.27
Net Claim (Rs. ‘crores’) 17.68 9.82 80.04
Total Outstanding Claim (Rs. ‘crores’) 82.97 93.39 -11.16
Net Profit  (Rs. ‘crores’) 17.01 13.4 26.94
Management Expenses (Rs. ‘crores’) 17.54 18.54 -5.39
Number Of Policies 111,766 116,944 -4.43
Earnings Per Share (Rs.) 19.72
Networth Per Share (Rs.) 179.01
Market Price Per Share (Rs.) [Chaitra end, 2077 BS] 839
P/E Ratio 42.55

Please keep in mind that

The above figures taken from the respective company’s unaudited quarterly report. When making investment decisions, investors should consider a variety of factors in addition to this article. After the final audit, the figures can change.

The share price and P/E ratio are calculated using data from the end of Chaitra in 2077. The figures can change at any time.

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