Life Insurance Corporation posts profit of Rs.7.17 Crore for the second quarter; EPS and net worth per share stand at Rs.5.38 and Rs.150 respectively

Tue, Feb 12, 2019 12:35 PM on Financial Analysis, Latest, Stock Market,

The unaudited report for the second quarter of Life Insurance Corporation (Nepal) Limited (LICN) for FY 2075/76 has been published today. According to it, LICN’s net profit stands at Rs 7.17 crore as compared to Rs 6.76 crore in corresponding quarter of last FY.

The company collected Rs 5.78 arba as net insurance premium for the second quarter.

The number of policies has decreased to 7.25 lakh units, down from 7.30 lakh units.

LICN’s EPS is Rs 5.38, P/E ratio stands at 316.08 times and net worth per share at Rs 150.

The company paid up capital stands at Rs 1.33 arba with Rs 54.81 crore as its reserve.

The life insurance reserve of the insurance company stands at Rs 48.68 arba at the end of the second quarter for the FY 2075/76.

LICN had proposed 12% bonus share from the profit it made in 2073/74 FY. The decision is yet to be approved from the AGM.