Asian Life earns Rs 3.32 crore profit in the third quarter; Net worth per share stand at Rs 127.70

Sun, May 13, 2018 9:11 AM on Financial Analysis, Latest, Stock Market,
Asian Life...

Asian Life Insurance Company Limited (ALICL) has also released its third quarter financial report for the FY 2074/75. It has reported 12.09% increase in net profit.

The life insurance company has posted a net profit of Rs 3.32 crore which was Rs 2.96 crore in the corresponding quarter of the previous year.

Earnings from premium of the insurance company has also reached Rs 1.91 arba, up from Rs 1.60 arba of the corresponding quarter.

The paid up capital of the insurance company is Rs 80.55 crore and Rs 22.31 crore remains in the reserve. The company’s life insurance fund is reported as Rs 15.09 arba. After the issuance of 50% right shares by the company, its paid up capital has reached Rs 1.21 arba. Furthermore, it has announced 4% bonus shares and 60% right shares which is supposed to be discussed in its upcoming AGM on Jestha 19, 2075.

The life insurance company’s EPS stands at Rs 5.15 with Net worth per share of Rs 127.70.