Reliable Nepal Life Insurance stated net profit of Rs 3.68 crore; EPS at Rs 10.53

Reliable Nepal Life Insurance Company Limited has stated net profit of Rs 3.68 crore for the first quarter of the current fiscal year 2074/75. As per the unaudited report for the first quarter published today, is has a paid up capital of Rs 1.40 arba with reserve of Rs 4.17 crore. The company’s earnings from premiums reached to Rs 52.58 lakh in Q1. Likewise, the company’s insurance fund amount to Rs 4.94 lakh. The company’s total number of insurance policies reached to 1,471. Its annualized Earning per Share (EPS) stands at Rs 10.53, net worth per share is at Rs 102.98. It will be issuing IPO to the general public in upcoming days.