Himalayan Reinsurance Earns Net Profit Of Rs. 27.8 Crores In The Fourth Quarter Of FY 2078/79

Himalayan Reinsurance Limited reported its fourth-quarter report of FY 2078/2079 with a net profit of Rs. 27.8 Crores. In Q3, the company made a net profit stood of Rs. 19.6 crores.

The paid-up capital of the company stood at Rs. 7 Arba whereas its reserve and surplus stood at Rs. 12.5 Crores in this quarter.

In this quarter the company had earned a huge income of Rs. 4.37 Crores from Investments, loans, and others.

The EPS (Earnings Per Share) of the company stood at Rs. 3.98 and the Net worth Per-share remained at Rs. 104.11 for this quarter.

About the company:

Himalayan Re is the first private sector reinsurance company established in the Republic of Nepal. The company offers Reinsurance support to Life and General Insurance Companies in Nepal and overseas.

Promoters of Himalayan Re include leading business houses of Nepal, along with leading financial institutions of the country. Prominent Promoters include;

• Golchha Group
• Shanker Group
• Infinity Holdings
• Lucky Group
• Ramesh Corp
• Shiv Shakti Group
• Himalayan Infrastructure Fund Ltd.
• Shalimar Investment
• Saffron CK Investments
• Vaishnav Enterprises
• Murarka Group
• K L Dugar Group
• M V Dugar Group
• R H Group
• M S Corp
• IME Group
• Prem Gurung and Group
• Ashlesha Enterprises
• Allied Continental
• Balaji Marbles

Apart from these business houses, the Promoters include 2 of the topmost commercial banks of Nepal, which are primarily owned by the Govt of Nepal, which is Nepal Bank Limited and Rastriya Banijya Bank Limited.

Click here for Q4 report

Major Financial Highlights