Annualized EPS of United Insurance falls to Rs 3.94 after the issuance of right shares; Net profit at Rs 2.02 crore

United Insurance Company (Nepal) Limited (UIC) has posted rise in net profit in the second quarter of the ongoing fiscal year 2076/77.

Publishing the financial report today, the non-life insurance company stated that it earned a net profit of Rs 2.02 crore till Q2 of the FY 2076/77, up from Rs 1.74 crore in the corresponding quarter of the FY 2075/76.

Along with its net profit, its net income from premium has also increased from Rs 15.57 crore to Rs 17.61 crore at the end of Q2 this year. Its income from the reinsurance commission has increased to Rs 4.59 crore.

It has made claim payment worth Rs 6.53 crore.

Its current paid-up capital stands at Rs 1.02 arba. It has a reserve fund of Rs 10.32 crore and the insurance fund amounts to Rs 33.62 crore. The company had recently issued 240% right share worth Rs 72.57 crore which enable it to meet the capital mark.

Its annualized earning per share stands at Rs 3.94 and the P/E ratio at 88.55 times. The net worth per share amounts to Rs.143.43.

Second Quarter Report