Himalayan General Insurance Co. Ltd’s net profit surge by 33.73 %

ShareSansar, May 7:

Himalayan General Insurance Company Limited has posted 33.73 percent rise in its net profit this third quarter of the current fiscal year 2070/71.

Publishing the unaudited financial report for the third quarter today, the insurance company has stated that its net profit has increased to Rs 5.67 crore up from Rs 4.24 crore in the corresponding quarter of the last fiscal year 2069/70.

The profit is attributable to the insurer’s operational profit, which surged to Rs 8.12 crore, up from Rs 6.10 crore in the corresponding quarter.

Similarly there is incline in the insurance fund from Rs 3.18 crore to Rs 9.60 crore and the reserve and surplus also increased to Rs 7.74 crore from Rs 3.75 crore as compared to corresponding quarter of the last fiscal year 2069/70.

The company’s EPS is Rs 22.70; net worth per share is Rs. 169.24 and the P/E ratio 18.28.