National Life Insurance registers 26.67% rise in the profit; EPS stands at Rs 18.02 in the Q4
Thu, Aug 16, 2018 10:37 AM on Financial Analysis, Latest, Stock Market,
National Life Insurance Company ( NLICL) has stated rise in net profit by a huge margin of 26.67% in the fourth quarter of the FY 2074/75.
As per the unaudited report of the fourth quarter, the insurance company reported net profit of Rs 29.83 crore in the Q4 of the fiscal year 2074/75, up from Rs 23.55 crore of the corresponding fiscal year.
The company’s earnings from premium have rose to Rs 6.13 arba from the corresponding year’s Rs 4.73 arba. The company’s life insurance fund stands at Rs 21.82 arba which was Rs 17.37 arba in the corresponding quarter of the last fiscal year.
The paid up capital of the insurance company is Rs 1.65 arba with Rs 50.68 crore in the reserve. The life insurance company has been issuing 60% right shares which will take its paid-up capital to Rs 2.64 arba.
The earning per share of the life insurance company stands at Rs 18.02 and net worth stands at Rs 130.55. Its P/E stands at 44.35 times.
